The Crazy Crypto Gamble: From Bitcoin Billionaire to PEPE Whiz!

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What to know:

  • A crypto wallet known for high-stakes trades has switched gears to pepe (PEPE) with a $1 million bet at 10x leverage.
  • Trader “James Wynn” closed a $1.2 billion Bitcoin position with a $17.5 million loss before opening a $1 billion short.
  • Wynn announced stepping away from perpetual trading after securing a $25 million profit from an initial investment of over $3 million.

Well, well, well, what do we have here? One of the most talked-about crypto wallets is now betting on none other than pepe (PEPE), right after playing a little game of “how many zeros can I rack up?” with Bitcoin.

So here’s the plot twist of the year: that same wallet that was throwing around a billion-dollar position on Bitcoin—yeah, the one on Hyperliquid—has decided to go long on PEPE, the ultimate memecoin. It’s like watching someone who just spent all their pocket money on a Ferrari, then turning around and buying a tricycle. Brilliant, right?

The wallet pumped $1 million into PEPE at 10x leverage. So, for all those who think crypto is about real money, here’s the kicker: PEPE’s up 6% since then, and the trader’s already up $500,000. Look at that—turning memes into green. 💰

Now, let’s talk about “James Wynn,” also known as “moonpig” (because of course, he is). This trader was once basking in the glow of a $1.2 billion Bitcoin position, but Monday came along and took it all away. A $17.5 million loss—nothing to sneeze at. But, wait—what did he do next? Opened a $1 billion short with 40x leverage. Because, you know, who needs sleep when you’re gambling your whole wallet on crypto’s next big move? 😅

The short was made at an average price of $107,077, and it’s already made him about $3 million in profit. But don’t get too excited—this could all crash down if BTC rises above $110,446. And just like that, someone’s walking out of the casino with nothing but a receipt for a tragic gamble. 🙄

But, folks, don’t get too sad for ol’ James. He’s walking away from perpetual trading with $25 million in his pocket. After a series of risky maneuvers, he’s calling it quits, and he’s making sure to announce it like any true victor:

To all the fans and haters:

We had a good run gambling on perps

At peak, the account was up $87,000,000 profits from like $3-$4m.

Now decided to leave the casino with my $25,000,000 profit

It’s been fun, but now it’s time for me to walk away a wynner

Wynn 1-0 Haters…

— James Wynn 🐳 (@JamesWynnReal) May 26, 2025

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2025-05-26 11:39