Crypto dealer James Wynn, who’s been in the information for his high-leverage bets, has misplaced a staggering $99 million in the previous two days together with his Bitcoin bets falling flat on his face. With BTC value taking a dip beneath $105K, Wynn was compelled to shut all his positions, main to very large liquidations. On the opposite hand, a wise crypto dealer, betting in opposition to Wynn, managed to mint $17 million in the identical time.
How Did James Wynn Lose $99 Million in Bitcoin Bets?
Crypto dealer Wynn gained reputation in the crypto circle whereas taking his income from simply $500K capital to an enormous $87 million in simply two months, via his high-leverage bets on PEPE, TRUMP, and FARTCOIN. However, he continued with the identical large leverage bets on BTC, placing all of the income at stake, and dropping an enormous $99 million in only a week’s time.
Timeline of Wynn’s Crypto Trades
Wynn shocked the crypto world by turning $500K into $87 million via daring leveraged buying and selling throughout a number of positions. Below is the timeline of his most profitable bets in the interval between March 20 to May 23.
- 10x lengthy on $PEPE, amassing $23.8 million in unrealized revenue.
- 10x lengthy on $TRUMP, yielding $6.83 million in realized positive aspects.
- 5x lengthy on FARTCOIN, netting $4.48 million in realized revenue.
On May 22, Wynn’s high-profile $1.14 billion Bitcoin place was up $39 million, showcasing his extraordinary success.
This is how the crypto dealer misplaced all of his fortune in only a matter of seven days.
- May 24: Wynn doubled down on $1.25 billion BTC longs, resulted in a $13.4 million unrealized loss inside hours.
- May 25: Switching to $1 billion BTC shorts led to a staggering $15.87 million loss in 15 hours.
- May 30: Wynn confronted liquidation of 949 BTC ($99.3 million) as Bitcoin dropped beneath $105,000.
The volatility in Bitcoin price has revived as US courts shuttle on Trump tariffs. Coinglass information exhibits that the 24-hour BTC lengthy liquidations have surged previous $200 million.
Crypto Trader Mints $17 Million Betting Against Wynn
Some 17 hours in the past from the press time, James Wynn acknowledged that the “comeback will be forcious”. However, it solely seems that the crypto dealer was liquidated for 949 BTC. On the opposite hand, the dealer who took BTC bets against Wynn made a multi-million-dollar fortune.
The comeback will likely be ferocious pic.twitter.com/6954peGIYX
— James Wynn 🐳 (@JamesWynnActual) May 29, 2025
In a shocking twist, a dealer with crypto deal with 0x2258 has discovered success by persistently counter-trading James Wynn’s positions. By shorting when Wynn goes lengthy and going lengthy when Wynn shorts, 0x2258 has raked in a powerful $17 million in income, reported LookonChain.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of monetary markets. His curiosity in economics and finance has led him to give attention to rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the information he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary expertise.
Disclaimer: The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
