The former Pepe coin whale James Wynn has famously gone all-in on Bitcoin (BTC), but the $500 million play almost got liquidated twice overnight. Trading on Hyperliquid DeFi platform, this courageous crypto whale spent $500 million on a 40x leveraged play on BTC’s price.
“Don’t Try This At Home” Type Of Play On BTC Price
With a liquidation price of $106,334.55, this Bitcoin trade can be easily labeled as ultra risky, which is colorfully portrayed in the daily price charts. Bitcoin (BTC) price hit the lower 24-hour boundary of $107,107 before midnight kicked in, then swiftly reclaimed $108,300 in the morning.
The $108,300 price range puts this ex-PEPE trader at status quo, but the Profit ‘n’ Loss (PNL) is swinging both ways in the millions. To illustrate, the trade’s unrealized profit flashes $1.5 million gains at Bitcoin priced at $108,647. Nevertheless, the mind-blowing crypto whale trade used up $12.50M in margin & is just $2,000 above the estimated BTC liquidation price.
Bitcoin Maxi Speaks Out: “You Call $80M Gen Wealth?”
Intriguingly, the PEPE whale-turned-Bitcoin-Maverick made a dramatic entrance on X, encouraging his 233.7K audience to enjoy the show. “Ya’ll wrote me off eh?”, – utters the high-rolling crypto trader, providing a screenshot to his 40x leveraged Bitcoin long price play.
“You call $80M gen wealth? That barely gets you a super yacht these days”, – remarked James Wynn calling his $500 million Bitcoin move just a regular swing trade & forecasting a new Bitcoin (BTC) all-time high coming up next. In more recent tweets, the eccentric crypto whale argued there’s “no alt season until Bitcoin breaks ATH”.
The trader went as far as to advise his audience to “be 99% Bitcoin & 1% meme, because memes outperform everything (else)”. As of press time, the leading digital asset Bitcoin (BTC) is priced at $108,535, warming up to the consolidation phase after hitting an all-time high of $111,814 on May 22, 2025.
On The Flipside
- Over-leveraged Bitcoin price positions took up $49 million out of $63.30 million in liquidations in the recent 24-hour period.
- CoinGlass data also shows an increased appetite for risk among short-sellers, losing $14.20 million despite the mini price drop.
Why This Matters
Tracking large crypto investor moves enables market watchers to get a grip of current sentiment across investors who are most likely to move the markets.
Check Out DailyCoin’s popular crypto news:
Trump’s Tariffs Ruled Illegal, Markets Breathe a Sigh of Relief
SUI ETF To Land On NASDAQ? Here’s What We Know
