James Wynn returns to high-stakes Hyperliquid trading with $4.8M positions

James Wynn has returned to the crypto space today after months of ￰0￱ reactivated his Hyperliquid account this week, depositing 197,000 USDC and immediately opening $4.8 million worth of long positions across Bitcoin, PEPE, and HYPE. On-chain data showed that Wynn distributed roughly $3.85 million to Bitcoin at 40x leverage, $917,000 to PEPE at 10x leverage, and $28,000 to HYPE at 10x ￰1￱ analysis showed his current holdings stand at 34.2 BTC, 122.8 million PEPE, and 712.67 HYPE. Wynn’s reentry sparks debate over his risky trading moves James Wynn made his comeback after claiming a $2,818 referral reward before placing the latest ￰2￱ return has coincided with the ongoing trend of liquidations on ￰3￱ liquidations were largely triggered by Bitcoin’s latest drop below $115,000.

James Wynn( @JamesWynnReal ) is back on Hyperliquid! He deposited 197K $USDC and claimed a $2,818 referral ￰4￱ opened long positions across $BTC (40x), $PEPE (10x), and $HYPE (10x), totaling $4.8M. 34.2 $BTC ($3.85M) 122.8M $kPEPE ($917K) 712.67 $HYPE ($28K)… ￰5￱ — Lookonchain (@lookonchain) October 15, 2025 The crypto trader appeared barely four months after what many believed was his permanent exit from the ￰6￱ reported in July that the trader had deactivated his X account after losing amounts ranging in the nine figures on leveraged Bitcoin ￰7￱ report revealed his wallets had lost funds, pushing the balance close to just $10,157. Arkham Intelligence data currently shows that the balance is just $2,162.52, marking one of the most public trading ￰8￱ vanishing, Wynn changed his bio to a single word: “broke.” Wynn’s losses came from two big moves, including a $100 million Bitcoin long position placed in May and ￰9￱ first position was liquidated when Bitcoin dropped below $105,000, and days later, he doubled down with another $100 million bet at 40x leverage, which was liquidated again as markets ￰10￱ lost around 949 BTC in those ￰11￱ declaring he would take a break from perpetuals, Wynn’s on-and-off behavior only lasted for a short ￰12￱ to a report from June 19, 2025, he re-entered the market with another $100 million in BTC long ￰13￱ relapse was named by industry traders as “Wynn being Wynn,” which helped propel Hyperliquid’s trading volumes and user ￰14￱ analysts also referred to the trend as the “James Wynn effect.” His activity has contributed to the clout around Hyperliquid, with its total value locked now at $4.93 billion, according to DefiLlama data , and transaction volumes are surging to over $80 billion weekly.

Wynn’s risk appetite returns as $4.8 million in new positions Wynn is known for his provocative posts on X and for making his trades look like market-defining ￰15￱ instance, when he lost over $100 million in May, Hyperliquid market activity and online searches ￰16￱ trends of his posts on X and trading activities began to appear as if he were an ambassador of the Hyperliquid ecosystem. “ Money doesn’t make you rich. Peace, happiness, family, love, loyalty, health, nature, sun, dogs, make you ￰17￱ I have every one of them nailed down to a T. I have more money in passive income coming in each month than what most of you make a year. ” -J ames Wynn , High-leverage crypto trader Cryptopolitan reported in mid-July, after his suspected downfall, that he claimed around 6,792 USDC in referral bonuses and placed 10x leveraged long positions on ￰18￱ was one of the latest hints that his comeback might only be temporary, but after just three months, his return with $4.8 million in new positions shows that his risk appetite is still present.

Wynn’s trading style has earned him both loyal followers and vocal ￰19￱ transparency, admitting to gambling rather than disciplined trading, has made him an antihero in the crypto ￰20￱ up to $30,050 in trading rewards when you join Bybit today