Trader Turns $25M PEPE Win Into $1.25B Bitcoin Bet With 40x Leverage
James Wynn closes massive PEPE trade, doubles down with a 40x leveraged $1.25B Bitcoin position.
In a bold move turning heads across the crypto world, Hyperliquid trader James Wynn has reportedly closed a PEPE position with a $25.2 million profit, then channeled the gains into a $1.25 billion Bitcoin long position using 40x leverage.
The data, shared by LookOnChain, has sparked excitement and concern alike. While some see Wynn’s decision as a show of high-conviction bullish sentiment, others view it as a dangerously risky bet, especially at such extreme leverage.
Leverage allows traders to amplify potential returns—but it also magnifies losses. With Bitcoin still showing volatility despite a strong uptrend, many analysts warn that this kind of high-stakes gamble could go either way in dramatic fashion.
Still, Wynn’s strategy highlights growing confidence in Bitcoin’s short-term potential, particularly among seasoned whales navigating both meme coins and majors with precision.
