{"id":28573,"date":"2025-05-26T12:26:45","date_gmt":"2025-05-26T12:26:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28573"},"modified":"2025-05-26T12:26:45","modified_gmt":"2025-05-26T12:26:45","slug":"james-wynn-the-trader-who-bet-1b-on-bitcoin-is-now-long-pepe","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28573","title":{"rendered":"James Wynn, the Trader Who Bet $1B on Bitcoin, is Now Long Pepe"},"content":{"rendered":"
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One of the most closely watched crypto wallets<\/a> in recent weeks is now betting on pepe (PEPE), days after drumming up a record billion-dollar notional position on bitcoin BTC on the onchain trading platform Hyperliquid.<\/p>\n

The wallet has gone long on PEPE with $1 million at 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes memecoin bets. The position is already up $500,000 as of European morning hours, with pepe up nearly 6% in the past few hours.<\/p>\n

Pseudonymous trader \u201cJames Wynn\u201d \u2014 known as \u201cmoonpig\u201d on decentralized exchange Hyperliquid \u2014 closed their $1.2 billion BTC long position with a $17.5 million loss on Monday.<\/p>\n

Wynn then opened a $1 billion short using 40x leverage, effectively wagering their entire $50 million wallet on the downside. Both positions are a record for an onchain platform and represent the biggest bets placed entirely on a blockchain-based service.<\/p>\n

Wynn\u2019s new short was opened at an average price of $107,077, and has already netted about $3 million in profit as BTC hovered just below that level Monday, before losing some value.<\/p>\n

The trade is a high-risk musical chairs event: if BTC rises above $110,446, Wynn\u2019s position could be liquidated unless additional collateral is posted, data shows.<\/p>\n

That position is since closed and Wynn said on X stepping away from perpetual trading altogether. They have netted a total profit of $25 million from an initial above $3 million, the account said on X.<\/p>\n

\u201cNow decided to leave the casino with my $25,000,000 profit,\u201d he posted. \u201cIt\u2019s been fun, but now it\u2019s time for me to walk away a wynner.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

One of the most closely watched crypto wallets in recent weeks is now betting on pepe (PEPE), days after drumming up a record billion-dollar notional position on bitcoin BTC on the onchain trading platform Hyperliquid. The wallet has gone long on PEPE with $1 million at 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28573","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28573"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28573\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}