How James Wynn Became Crypto’s Boldest Whale on Hyperliquid

• James Wynn grew from meme coin gambler to high-risk crypto derivatives trader.
• His anonymous presence and massive positions often influence crypto market behavior.

James Wynn doesn’t exactly pop up on derivatives traders’ radar screens. He’s not a big corporate figure, nor is he a public figure who regularly appears in financial media. But when his wallet name, known by the initials “0x507,” appeared with a massive leveraged position in Hyperliquid, the market knew Wynn was no ordinary player.

The man who claims to have grown up in a small, rough English town, got his start in crypto like many others: dabbling in meme coins. But Wynn was different. While most people panicked and got out of the market, he doubled down. In 2022, when most traders were still chasing the hype of major coins, Wynn took a big gamble on PEPE when its capitalization was only around $600,000.

A few weeks later, it had skyrocketed, and he made a profit of between $10 million and $25 million. Not bad for someone who said he used to expect “to make 2x for next week’s food.”

James Wynn: High Stakes on the Edge of Chaos

After that, derivatives became his new home. Hyperliquid, one of the currently popular derivatives exchanges, took center stage. There, Wynn is known as a heavyweight fighter. In mid-May 2025, he surprised many by opening a long position worth $830 million in Bitcoin, using leverage up to 40 times.

Yes, that means that if the price of Bitcoin drops by 2-3%, his entire position can be wiped out. But Wynn seems comfortable dancing on the edge of the abyss.

Interestingly, this is not a one-time bet. A few days later, his position increased to $1.25 billion, or the equivalent of 11,588 BTC. At one point, he had pocketed a floating profit of up to $39 million. But like life, the market is not always on his side.

Shortly after the position was opened, the market was hit by news of a 50% tariff on European products. Bitcoin slipped to $107,000, and like dominoes, Wynn’s position was forced to be liquidated with a loss of around $13 million. Some say he’s too greedy, but for Wynn, it’s probably just another Tuesday morning.

Risk, Identity, and the Art of Staying Anonymous

Behind all that, James Wynn remains a mysterious figure. He’s quite active on social media, but he’s never revealed his true identity. In his profile, he simply calls himself a “leverage trader” and a “meme coin maxi.” Otherwise, he lets the numbers and charts do the talking.

Some have compared his style to that of an extreme athlete, who knows his life is at stake, but still jumps. Wynn, with his billion-dollar derivatives positions and insane exposure, seems to relish a similar thrill. Is it strategy? Or just the adrenaline rush? Who knows. But there’s no denying that his presence in the market is often enough to shake up prices.

On the other hand, his moves also remind us of one thing: in the crypto market, nothing is too big to lose. Or too small to win big. James Wynn was once at zero, hunting for pennies with a slim hope. But now, he’s face-to-face with numbers that would make even institutions sweat.