James Wynn goes long on BTC and PEPE
After his recent high-profile liquidation, hyper-leverage trader James Wynn is back—this time using a new wallet (0xbc47) to evade what he claims are targeted liquidations by market makers.
In a post on X, Wynn said, “I’m back in the casino under an alt account so the cabal market makers can’t find me”, reports CryptoTimes.
According to Lookonchain’s June 11 update, Wynn has opened 40x long positions on Bitcoin (BTC) and 10x longs on PEPE, quickly amassing over $2 million in unrealized profit. His recent trades also show that he closed kPEPE perpetuals worth $1 million, indicating he is actively managing risk even while swinging for high-stakes returns.
Whales join the rally as Bitcoin consolidates
Wynn’s move aligns with broader whale accumulation trends. Blockchain analytics firm Arkham reported that wallet bc1q57 withdrew 307.5 BTC (worth ~$33.79M) from Binance, adding to its massive holdings of 2,307 BTC—now valued at $252.86 million with $79M in paper gains.
Another whale, wallet 0x1f25, deposited a combined $9.85 million in USDC into Hyperliquid, reinforcing bullish sentiment with aggressive long positions. The escalation in whale leverage suggests confidence ahead of potentially market-moving events, including the U.S. CPI inflation report due later today at 6 PM UTC.
BTC steadies, PEPE gains traction as volume rises
At present, Bitcoin is trading sideways at $109,438, reflecting market hesitation as traders await the inflation report, which could influence Federal Reserve rate expectations and crypto momentum. Meanwhile, PEPE has climbed 1.5% in 24 hours and 3% on the week, trading at $0.00001280. Notably, trading volume for PEPE has surged 32%, signaling heightened trader interest—possibly linked to Wynn’s position and the meme coin’s increasing institutional visibility. While Wynn’s reentry marks a bold bet on continued upside, it also mirrors the broader sentiment of accumulation, setting the stage for a volatile reaction post-CPI.
Recently we wrote that crypto speculator James Wynn has lost $25 million in Bitcoin after a highly leveraged long position was forcibly liquidated, according to onchain analytics from Lookonchain.
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