How This Trader Made $46 Million Betting on Bitcoin and Meme Coins

An anonymous crypto trader going by the name James Wynn has stunned the trading community with jaw-dropping gains on Hyperliquid, a decentralized exchange gaining traction among high-risk players.

Since mid-March, Wynn has reportedly racked up over $46 million in profits by placing ultra-leveraged bets on Bitcoin and meme tokens like PEPE, TRUMP, and even the satirical Fartcoin.

Blockchain analytics from Lookonchain show that Wynn’s trading style is anything but cautious. Using leverage as high as 40x, he’s opened multiple long positions—several of which are still active and generating massive paper gains.

His standout position? A 10x long on PEPE that alone accounts for nearly $24 million in unrealized profit. His Bitcoin position, leveraged at 40x, sits on over $5 million in gains.

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The Trump-themed token and Fartcoin trades have also been hugely profitable, each bringing in more than $5 million. A smaller position in the token HYPE delivered a modest $31,000 return.

Over just 24 hours, Wynn reportedly pocketed $11.4 million—vaulting him to the top of Hyperliquid’s leaderboard and sparking a debate about the growing influence of decentralized, high-leverage trading platforms in today’s market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.