Original | Odaily Planet Daily (@OdailyChina)

Author | Azuma (@azuma_eth)

The operations of version son, crazy whale, and hot trader James Wynn have once again gone viral today.

Yesterday, we published “Who is James Wynn: The Trading Genius from a Small Town, the Crazy Whale Betting 1 Billion,” summarizing James Wynn's background, growth experiences, classic achievements, and more. Just before the article was published, James Wynn even announced on X that he would "wash his hands clean," temporarily bidding farewell to the contract trading market with over $25 million in total profit.

But no one expected that just 2 hours later, James Wynn made a comeback — indeed, one cannot trust the words of crypto traders…

Reopening Positions

Around 11:37 AM yesterday, just 2 hours after announcing his "profit-taking exit," James Wynn established a PEPE long position on Hyperliquid, using 10x leverage, with a position size of about $10.1 million.

Then, around 2:20 PM, James Wynn again opened a "small" 40x BTC long position, with an opening price of $109,715, and an initial nominal position value of about $68.05 million; then around 1 AM, James Wynn further increased his BTC long position, raising the nominal value to $790 million.

Market Downturn, Urgent Stop Loss

Although the PEPE and BTC longs opened by James Wynn yesterday briefly made a profit, as the market gradually turned downward last night, James Wynn's positions began to show floating losses.

This morning, as BTC accelerated its decline, James Wynn first urgently reduced his BTC long position to 5,782 BTC (about $624 million) and lowered the liquidation price to $107,390.

Subsequently, James Wynn closed his PEPE long position with a loss of $858,000.

Significant Profit Withdrawal

Odaily Planet Daily monitored that as of 9:33 AM today, just 24 hours after James Wynn's "washing hands," his position on Hyperliquid had a floating loss of $14.77 million, giving back more than half of his total profit.

As of 10:15 AM today, James Wynn's historical total profit on Hyperliquid had retreated to about $9.12 million, significantly down from $25 million before his brief exit yesterday, a decline of about 63.5%.

Yesterday's Legend, Today's Gambler?

It's hard not to marvel at the rapid changes in the trading market.

If James Wynn really did "wash his hands" yesterday, then leaving the market at the peak of his fame with a huge profit would undoubtedly make him a major legend in cryptocurrency history. However, within just 24 hours, the discussion around James Wynn shifted from worship and envy to gossip and mockery.

As of the publication, James Wynn, who has always been a high-frequency speaker (somewhat of a performative personality), has not commented on the latest losses, only retweeting another X user Jeremy's comment about "some people targeting James Wynn" — perhaps in James Wynn's eyes, this is not just a simple trade, but a real battle.

What has happened is irreversible; perhaps it is this bold and aggressive style that has shaped the current James Wynn. This is his journey so far, but where this path will ultimately lead him, even James Wynn himself may not have the answer.

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