{"id":24278,"date":"2025-05-26T16:16:12","date_gmt":"2025-05-26T13:16:12","guid":{"rendered":"https:\/\/forklog.com\/en\/beat-the-house-hyperliquid-whale-left-with-a-25m-profit-then-returned\/"},"modified":"2025-05-26T16:16:12","modified_gmt":"2025-05-26T13:16:12","slug":"beat-the-house-hyperliquid-whale-left-with-a-25m-profit-then-returned","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/beat-the-house-hyperliquid-whale-left-with-a-25m-profit-then-returned\/","title":{"rendered":"Beat the house? Hyperliquid whale &#8216;left&#8217; with a $25m profit\u2014then returned"},"content":{"rendered":"<p>James Wynn, a trader famed for aggressive bets, said he was leaving the \u201cHyperliquid casino\u201d with $25m in profits. At its peak, the tally reached $87m from initial stakes of roughly $3\u20134m.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">To all the fans and haters:<\/p>\n<p>We had a good run gambling on perps <\/p>\n<p>At peak the account was up $87,000,000 profits from like $3-$4m.<\/p>\n<p>Now decided to leave the casino with my $25,000,000 profit<\/p>\n<p>It\u2019s been fun, but now it\u2019s time for me to walk away a wynner <\/p>\n<p>Wynn 1-0 Haters\u2026 <a href=\"https:\/\/t.co\/vuUiET2CQZ\">pic.twitter.com\/vuUiET2CQZ<\/a><\/p>\n<p>\u2014 James Wynn ? (@JamesWynnReal) <a href=\"https:\/\/twitter.com\/JamesWynnReal\/status\/1926813864940765599?ref_src=twsrc%5Etfw\">May 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe had a good time gambling on perps. [\u2026] It was fun, but now it\u2019s time for me to walk away a winner,\u201d<\/em> <em>\u2014<\/em> Wynn said.<\/p>\n<\/blockquote>\n<p>The trader drew attention after opening a<a href=\"https:\/\/hyperdash.info\/trader\/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6\"> long position<\/a> of 10,200 BTC ($1.14bn) with 40x leverage on Hyperliquid.<\/p>\n<p>Despite partially locking in $11.23m in profit, which peaked at $40m, Wynn ultimately closed the long with a $13.4m loss.<\/p>\n<p>Before going \u201call in\u201d on bitcoin, the user booked $25.19m in profit on a long position in PEPE.<\/p>\n<h2 class=\"wp-block-heading\"><strong>New opportunities\u2014or addiction?<\/strong><\/h2>\n<p>The trader\u2019s \u201cbreak\u201d proved short-lived. A few hours later, Wynn opened another long with 40x leverage for 684 BTC ($75.34m).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just a few hours later, top trader <a href=\"https:\/\/twitter.com\/JamesWynnReal?ref_src=twsrc%5Etfw\">@JamesWynnReal<\/a> was back in the casino and continued to long <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> with 40x leverage. <\/p>\n<p>The position size reaches 684 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($75.34M) and the liquidation price is $103,120.<a href=\"https:\/\/t.co\/FX6sISVWOh\">https:\/\/t.co\/FX6sISVWOh<\/a><a href=\"https:\/\/t.co\/xW7TdghTLp\">https:\/\/t.co\/xW7TdghTLp<\/a> <a href=\"https:\/\/t.co\/i0YKEnMroR\">pic.twitter.com\/i0YKEnMroR<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1926900026996908525?ref_src=twsrc%5Etfw\">May 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The whale also went long PEPE with 10x leverage.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The top trader <a href=\"https:\/\/twitter.com\/JamesWynnReal?ref_src=twsrc%5Etfw\">@JamesWynnReal<\/a> went long on <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> with 10x leverage again, with an unrealized profit of $130K.<a href=\"https:\/\/t.co\/FX6sISVWOh\">https:\/\/t.co\/FX6sISVWOh<\/a><a href=\"https:\/\/t.co\/YLO2XD1MIq\">https:\/\/t.co\/YLO2XD1MIq<\/a> <a href=\"https:\/\/t.co\/q8khoLvA3v\">pic.twitter.com\/q8khoLvA3v<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1926865079309423073?ref_src=twsrc%5Etfw\">May 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At press time, the combined unrealized loss reached $248.8k.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"157\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1580-1024x157.png\" alt=\"1-1580\" class=\"wp-image-259387\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1580-1024x157.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1580-300x46.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1580-768x118.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1580.png 1252w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Hyperliquid.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Outside view<\/strong><\/h2>\n<p>In a conversation with ForkLog, trader Artem Zvezdin supported Wynn\u2019s decision to leave the market.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe logic is simple \u2014 bitcoin is at a peak, how much more can it grow? Well, to $120,000\u2013150,000. Is it worth risking the money earned? I personally am not sure, and no one is sure of this. On the other hand, buying alts and trying to guess which of them will grow, and whether they will grow at all, is not much fun,\u201d<\/em> Zvezdin explained.<\/p>\n<\/blockquote>\n<p>Crypto trader and Coen+ Telegram channel author Vladimir Coen called Hyperliquid the main beneficiary of Wynn\u2019s trading, which recorded growth in volumes and capitalisation.<\/p>\n<p>At the same time, behind the image of a \u201clegendary trader\u201d lie accusations of fraud and the systematic use of pump-and-dump schemes in memecoins, Coen said.<\/p>\n<p>The expert found that Wynn had previously urged buying ELON, attracting a large number of retail investors, but then closed his position through a secondary account. This led to a 70% drop in the token and losses for those who followed his recommendations.<\/p>\n<p>The latest hype around Wynn increased the number of followers of his X account. Around the same time, the trader began actively \u201cpushing\u201d Moon Pig. The token\u2019s chart clearly shows a pump-and-dump scheme over the past five days, Coen noted.<\/p>\n<h2 class=\"wp-block-heading\"><strong>New HYPE records<\/strong><\/h2>\n<p>On May 26, the price of the platform\u2019s native token HYPE continued to set records. A new all-time high was set at $39.68. Over the past week, the asset rose 48.6%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1115.webp\" alt=\"2-1115\" class=\"wp-image-259388\"\/><figcaption class=\"wp-element-caption\">Hourly HYPE\/USDT chart on KuCoin. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/HYPEUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The project\u2019s market capitalisation now stands at $12.74bn, moving it to 13th place in the rankings.<\/p>\n<p>A catalyst was<a href=\"https:\/\/u1f987.com\/en\/news\/hype-reaches-record-high-amid-cftc-crypto-derivatives-inquiry\"> comments to <span data-descr=\"Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> <\/a>on the potential approval of perpetual contracts and 24\/7 crypto trading. Hyperliquid Labs, the team behind the DEX, backed the regulator\u2019s proactive stance and advocated integrating DeFi.<\/p>\n<p>Wynn\u2019s activity pushed daily trading volume to $35.7bn, close to February\u2019s record levels ($36.2bn).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"301\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-624-1024x301.png\" alt=\"3-624\" class=\"wp-image-259389\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-624-1024x301.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-624-300x88.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-624-768x225.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/3-624.png 1410w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/dune.com\/x3research\/hyperliquid\">Dune Analytics<\/a>.<\/figcaption><\/figure>\n<p>The Hyperliquid platform is built on its own high-performance L1<a href=\"https:\/\/u1f987.com\/en\/news\/hyperliquid-team-launches-hyperevm\"> HyperEVM<\/a> and offers CEX-like functionality: a real-time order book, high liquidity and competitive fees. Hyperliquid does not require <span data-descr=\"Know Your Customer\" class=\"old_tooltip\">KYC<\/span> procedures.<\/p>\n<p>The network uses a modified version of the Proof-of-Stake consensus algorithm called HyperBFT, with throughput of 200,000 <span data-descr=\"transactions per second\" class=\"old_tooltip\">TPS<\/span>.<\/p>\n<p>In March, ForkLog<a href=\"https:\/\/u1f987.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\"> examined<\/a> a chain of events in which high-risk positions<a href=\"https:\/\/u1f987.com\/en\/news\/hyperliquid-delists-contract-amid-price-manipulation-concerns\"> threatened<\/a> not only the platform\u2019s stability but also the safety of client funds in the Hyperliquidity Provider Vault.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>James Wynn, a trader famed for aggressive bets, said he was leaving the \u201cHyperliquid casino\u201d with $25m in profits. At its peak, the tally reached $87m from initial stakes of roughly $3\u20134m. 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,787,1161,1150],"class_list":["post-24278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-dex","tag-memes","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24278"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24277"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}