Crypto Investor Made $46M in Weeks Heres How
On-chain analytics platform Lookonchain highlighted Wynns activity, revealing that hes made bold, high-leverage bets across Bitcoin and several memecoins in just two months.
Among his standout positions is a 40x leveraged long on Bitcoin, entered near $94,000now sitting on over $5.4 million in paper profits with BTC trading above $100,000. But his largest windfall comes from PEPE, where a $56 million commitment has netted nearly $24 million in gains. Additional leveraged longs on TRUMP and FARTCOIN have brought in over $10 million combined, while a smaller HYPE position earned around $31,000.
While some have praised Wynns trading skill, others have accused him of shady past behavior, citing an alleged rug pull in 2024 and concerns over ongoing low-cap promotions. Critics claim he may be operating more as a crypto influencer than a pure trader.
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Meanwhile, the broader market has been unforgiving to short sellers. As Bitcoin and Ethereum ralliedpushing past $100,000 and seeing double-digit surgesshorts suffered over $879 million in liquidations on May 9 alone. More than 125,000 traders were wiped out in 24 hours, with ETH short positions taking the largest hit.
Despite this, bearish sentiment persists. One whale recently deployed $17 million in USDC to short major assets on Hyperliquid with 3x leveragealready down $1.2 million, according to Lookonchain.
Amid this volatility, Hyperliquid has emerged as a powerhouse in the decentralized trading arena. According to DeFiLlama, the platform has processed over $9.2 billion in daily volume, leading the sector with 60% market share in perp trading. Its native token, HYPE, has surged more than 80% over the past month, although it remains slightly down year-to-date.
As risk appetite returns and Hyperliquid cements its lead, traders like Wynn are becoming symbols of the high-stakes, high-volatility environment that continues to define DeFis wild frontier.
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Text source: Coindoo
