A crypto trader known as James Wynn has sparked widespread interest after reportedly earning over $46 million in profits within just two months on the decentralized exchange Hyperliquid.

Since March, he has bagged surprising profits by a series of high-leverage positions on Bitcoin and various meme coins, including PEPE, TRUMP, and Fartcoin.

Hyperliquid Trader Criticizes CEXs While Riding $46 Million Profit Wave

According to on-chain analytics firm Lookonchain, Wynn began actively trading on Hyperliquid around mid-March.

Since then, he has placed aggressive long positions with leverage ranging from 5x to 40x. Five of those positions remain open and are still generating significant unrealized gains.

Lookonchain reported that Wynn’s most lucrative position is a 10x long on meme coin PEPE, which has delivered approximately $23.8 million in unrealized profits. He also holds a 40x long on Bitcoin with about $5.4 million in paper gains.

Other notable trades include a 10x long on the Trump token, which netted $5.57 million. Another trade involves a 5x long on Fartcoin, which generated $5.15 million, and a 5x long on HYPE, which has yielded around $31,000.

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