James Wynn Sequel: Yesterday's Legend, Today's Gambler?

Written by: Azuma, Odaily

The operations of Version’s Child, Crazy Whale, and the hot trader James Wynn have once again gone viral today.

Yesterday, we published “Who is James Wynn: The Trading Genius from a Small Town, the Crazy Whale Betting 1 Billion”, outlining James Wynn’s background, growth experiences, classic achievements, and more. Before the article was released, James Wynn even announced on X that he would “wash his hands of the gold bowl”, temporarily bidding farewell to the contract trading market with a total profit of over 25 million dollars.

But no one expected that just 2 hours later, James Wynn made a comeback - as expected, you can’t trust what cryptocurrency traders say…

Place the order again

Around 11:37 AM yesterday, two hours after announcing “take profit and exit the market,” James Wynn established a PEPE long position on Hyperliquid again, using 10x leverage, with a position size of approximately 10.1 million dollars.

Then, at around 2:20 p.m., James Wynn opened another “small” 40x BTC long position at an opening price of $109715, with a notional value of about $68.05 million. Then, at around 1 a.m., James Wynn increased his long BTC position again, increasing the notional value to $790 million.

Market downturn, emergency stop loss

Although the long positions in PEPE and BTC opened by James Wynn yesterday briefly made a profit, as the market gradually turned downward last night, James Wynn’s positions also began to show losses.

This morning, as BTC accelerated its decline, James Wynn urgently reduced his BTC long position to 5,782 coins (approximately $624 million) and lowered the liquidation price to $107,390.

Subsequently, James Wynn closed his PEPE long position with a loss of $858,000.

Significant profit withdrawal

Odaily reported that as of 9:33 AM today, 24 hours after James Wynn’s “retirement,” his position on Hyperliquid has incurred a floating loss of 14.77 million USD, giving back more than half of the total profit.

As of today 10:15, James Wynn’s total historical profit on Hyperliquid has retreated to around 9.12 million USD, significantly down from the 25 million USD before his brief exit yesterday, with a retracement of about 63.5%.

Yesterday’s legend, today’s gambling dog?

It’s hard not to marvel at the rapid changes in the trading market.

If James Wynn indeed “washed his hands of gold” yesterday, then he would surely become a great legend in the history of cryptocurrency, leaving the scene with huge profits at the peak of his fame. However, within just 24 hours, the discussion around James Wynn shifted quickly from worship and envy to gossip and ridicule.

As of the publication, James Wynn, a trader known for his high-frequency comments (somewhat of a performative personality), has not commented on the latest losses but merely retweeted another X user, Jeremy, regarding the comment “some people are targeting James Wynn” — perhaps in James Wynn’s eyes, this is not just a simple trade, but a real battle.

What has happened is forever irreversible, and perhaps it is this bold and radical style that has shaped the James Wynn we know today. This is the path he has taken, but where this path will ultimately lead him may be something even James Wynn himself does not have an answer for.