A trader increased his own profit 181 times on Donald Trump’s meme-coin

Editor’s note: not investment advice!

Cryptocurrency trader James Wynn recorded a loss of more than $ 15.5 million after closing a short position on bitcoin on the Hyperliquid trading platform. After that, he abruptly changed his strategy and opened a new position — this time «long» with a leverage of 40x, which indicates a bet on the asset’s price growth.

The short was liquidated on May 24 after the bitcoin rate BTC $78,089.51 Mezo Wrapped BTC -1.07% Market capitalization $76.91 million VOL. 24 hours $1.05 billion went up, failing to meet the trader’s expectations. Despite the loss, Wynn continued to trade actively: he currently has open positions in BTC and the PEPE token. At the same time, the risk remains high — the current position on bitcoin can be liquidated if the price drops to around $ 103,324.

According to Hyperliquid, the trader’s previous trades, including those closed on May 24, were profitable: Wynn earned $ 18.36 million and $ 25.23 million from BTC and PEPE, respectively (excluding commissions). This allowed him to partially compensate for his recent losses and remain in a significant plus.

The trader’s total profit on the Hyperliquid platform now exceeds $ 25.5 million. Despite his aggressive high-risk strategy, Wynn continues to demonstrate profitable trading based on a quick response to market dynamics.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!