15.10.2025 13:28

Here's a re-written version of the news article, incorporating all the key details and using varied sentence structures:

**James Wynn Resurfaces, Unleashing $4.8 Million in Leveraged Long Positions**

Based on recent internet sources, a notable figure in the cryptocurrency sphere, James Wynn, has unexpectedly re-entered the Hyperliquid trading arena. This move, occurring between October 14th and 15th, 2025, involved an initial deposit of 197,000 USDC to his Hyperliquid account. Wynn's return to the platform is particularly intriguing given his previous vocal criticisms, and his public championing of a competing exchange, Aster, over recent months.

Wynn's strategic activity on the platform unfolded with the establishment of leveraged long positions, amounting to a substantial $4.8 million across various digital assets. Data from blockchain analytics indicates that these positions are diversified, encompassing Bitcoin (BTC), PEPE, and HYPE. Following the 197,000 USDC deposit, Wynn secured a referral reward of $2,818. This amount is somewhat diminutive when contrasted with his previous criticisms of Hyperliquid's referral program.

This substantial USDC transfer signifies Wynn's most significant activity on the platform since July 2025. At that time, he briefly deactivated his X account following a change in his bio to “broke.” His wallet holdings had significantly diminished, dwindling to a mere $10,176 following a period of considerable losses in May. The timing of his reactivation coincides with the market's recovery from a recent tariff-related downturn, which caused Bitcoin to retrace from recent highs. Notably, Wynn's return to Hyperliquid comes after a period in which he publicly predicted Hyperliquid would face failure.

At the core of Wynn's trading strategy lies his $3.85 million Bitcoin position, employing a staggering 40x leverage. This particular position, involving 34.2 BTC, represents the largest exposure on Bitcoin. The employment of such high leverage implies a massive notional exposure of roughly $154 million. Due to the nature of such leverage, a relatively small adverse price movement of just 2.5% would be enough to trigger a liquidation.

The 40x leverage utilized by Wynn closely aligns with his historical trading approach, which is characterized by significant risk-taking. His previously well-known March 2025 strategy, saw him turn $3 million into an impressive $100 million within a single month, utilizing comparable leverage. Currently, the price of Bitcoin hovers around $112,000, a slight dip from its recent all-time high.