James Wynn’s Wild Ride: The $19M Bitcoin Long and His $100K PEPE Gamble!

by

In the bleary haze of relentless speculation, one James Wynn, a multimillionaire with the spirit of a daredevil and the caution of a cat on a hot tin roof, sauntered back into the wild world of cryptocurrency. After what some might call a series of unfortunate financial ‘sinks,’ he proclaimed his renewed faith in the sassy lady called Bitcoin, who, quite frankly, had been playing hard to get.

Wynn exploded onto the scene armed with not one, but two high-wire acts of leveraged positions. First, he thrust himself into a 40x leveraged bet on Bitcoin, a position draped in the grandeur of over $19.5 million at a price tag of $117,000. But here’s the kicker—if Bitcoin’s fickle heart dipped below $115,750, Mr. Wynn might find himself navigating the murky waters of liquidation once again. Doing so costs him a cool $1.4 million in funding fees, merely to keep on the edge of profit, which currently dangles at a tantalizing $78,000. It’s like feeding a hungry alligator, isn’t it? 🐊

As if that weren’t cheeky enough, Wynn poured a splash of humor into his portfolio with a 10x long on the beloved memecoin, PEPE. This audacious play, worth over $102,000, was initiated at a charm-filled $0.01201, though the liquidation price remains a riddle wrapped in a mystery—because who doesn’t love a little suspense? 😏

Wynn catapulted into the spotlight when his initial $100 million position met a watery grave on May 30. Stumbling below a heartbreaking 10-day low of $105,000, it was as dramatic as any novel’s climax. Two days later, in a possibly Confederate-inspired move, he placed another gigantic bet, only to watch it vanish into the ether—roughly $25 million worth. That’s a lot of greenbacks to let slip through the fingers! 💸

In a rant worthy of a barstool philosopher, Wynn mused that these liquidations are not just mere accidents—they’re the result of machinations brewed by shadowy market forces. “They’re coming for me again,” he bellowed in a June 2 X post, wielding his anguish like a battle cry. “Don’t let these evil bastards liquidate me!” he quipped, perhaps overlooking that liquidations tend to happen to the unprepared.

They’re just using borrowed cash, those poor souls in leveraged positions, hoping for a fairy tale ending that can easily flip into a horror story by twilight. On the darker sidelines, a notorious crypto whale faced a liquidation tsunami of over $308 million—now that’s a bad day at the office! Talk about taking the plunge! 🏊

“Market makers are ‘out of gun powder’” says Wynn

Wynn insists those crafty market makers are coordinating their efforts to send Bitcoin diving below his critical liquidation threshold. Quite the conspiracy, eh? “Perfect timing for a 40x long,” he shot back, tail tucked and ready for action, in a post that dripped with his brand of sarcasm.

“Never financial advice, of course,” he added, as if reciting a whimsical oath. However, he seemed convinced the market makers had run out of their artillery. Perhaps they miscounted their ammo in a fit of excitement? 🔫

But hold your horses! Not everyone is singing the praises of Bitcoin’s ascent. The ever-bullish trader Qwatio decided to bet against the grain, executing a 40x leveraged short position worth over $2.3 million. Betting against Bitcoin? Now that’s a fine way to stir the pot! 🍲

Qwatio, in a tale of woe, had previously met the grim reaper of liquidations eight times in a week, losing $12.5 million in a fashion that could make anyone question their life choices. 💔

As for PEPE, it wobbled a bit, dipping more than 3% over a 24-hour span but is attempting a comeback. It’s like watching a rubber band fight back—quite the sight! 😊

Read More

2025-07-15 17:11