James Wynn, known for his large trades in the crypto market, returns with new investments after substantial losses.
James Wynn's Losses
James Wynn, known as the Hyperliquid whale, lost $100 million that he earned through leveraging trades in Bitcoin and altcoins. In late June, he faced significant losses that led to a complete liquidation of his funds after Bitcoin unexpectedly surged in price.
Return to the Market
Despite a brief hiatus, James Wynn returned to the crypto market by opening new positions. Observers noted that he changed his profile information to 'bankrupt' and closed his account following his losses.
New Trades in PEPE and Bitcoin
According to Lookonchain, James Wynn began trading again by opening a long position in PEPE with 10x leverage for approximately $10,000. Later, he also opened a long position in Bitcoin with 40x leverage, with the position size amounting to $18,430,000. The entry price for Bitcoin was $117,069, and the liquidation price was $115,554.
James Wynn's return to the crypto market highlights his active involvement in trading, even after substantial financial losses. How his strategy will evolve moving forward remains to be seen.
