James Wynn has reactivated his Hyperliquid account on October 14-15, 2025, depositing 197,000 USDC.
In a lates crypto news update, He opened $4.8 million in leveraged long positions across Bitcoin, PEPE, and HYPE according to Lookonchain data.
The return to Hyperliquid comes after months of publicly criticizing the platform while promoting competitor Aster.
James Wynn deposited 197,000 USDC to Hyperliquid and claimed a $2,818 referral reward before opening his leveraged positions.
The modest reward contrasts with his earlier public criticism that he only earned $34,000 total from referral commissions from driving massive traffic and volume to Hyperliquid.
The deposit is Wynn’s first major activity on the platform since July 2025 when he briefly deactivated his X account after changing his bio to “broke.”
His wallet balances at that time had fallen to just $10,176 following the major May losses. The timing coincides with market recovery from recent tariff-driven crash that saw Bitcoin fall from to $104,000.
The account reactivation follows months during which Wynn focused on competitor platform Aster and also publicly predicted Hyperliquid would “die a slow and painful death.”
James Wynn opened the largest position on Bitcoin with 34.2 BTC worth $3.85 million using 40x leverage.
The extreme leverage means the position controls approximately $154 million in notional Bitcoin exposure.
A 2.5% adverse price movement would liquidate the entire position under general leverage mechanics.
The 40x leverage matches Wynn’s historical trading style characterized by extreme risk-taking.
His March 2025 success made headlines in crypto news It involved turning $3 million into $100 million in one month using similar leverage multiples.
Bitcoin price currently trades around $112,000, down from the October 7 all-time high of $126,000.
James Wynn allocated $917,000 to PEPE with 122.8 million tokens at 10x leverage. The meme coin holds special significance for Wynn given his legendary 2023 prediction when PEPE’s market cap was just $4.2 million.
He boldly predicted PEPE would reach $4.2 billion market cap. It not only came true but exceeded expectations with a peak above $10 billion in 2024.
Wynn’s initial PEPE investment of approximately $7,600 reportedly generated over $25 million in profits, which is more than 3,000x return.
The trade established his reputation and attracted hundreds of thousands of followers eager to replicate his success.
The $28,000 HYPE position on 712.67 tokens uses 10x leverage for $280,000 notional exposure.
James Wynn’s Hyperliquid return comes after an extended period of publicly criticizing the platform while championing competitor Aster.
His criticism centered on inadequate referral program compensation, lack of partnership recognition, and technical limitations.
This includes order transparency issues leading to front-running and liquidation risks for large traders.
Wynn has actively promoted Aster since the BNB Chain-based decentralized exchange emerged as Hyperliquid competitor. On October 8, 2025, he predicted “$ASTER to $40bn+ market cap this cycle.”
He has taken multiple leveraged positions on ASTER, including a 3x leveraged long worth over $16,000.
The trader praised Aster’s technical advantages including MEV-free execution, hidden orders, and dual trading interfaces.
Wynn expressed confidence in Aster’s backing by Binance founder Changpeng Zhao. He also stated that CZ is “determined to take Aster to the top of the market.”
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