In a sharp reversal of market direction, trader James Wynn pocketed nearly half a million dollars in just 24 hours by shorting Bitcoin and HYPE on the derivatives platform Hyperliquid, according to blockchain data shared by Lookonchain.
After reportedly suffering losses on long positions earlier in the week, Wynn made a swift pivot — opening leveraged shorts on both assets on July 17.
The move paid off fast. Using 40x leverage on BTC and 10x on HYPE, Wynn walked away with $473,900 in profit.
The sequence of trades began shortly after Wynn deposited $467,999 into his Hyperliquid account, which on-chain analysts confirmed via wallet tracking.
Although exact trade prices weren’t made public, Lookonchain verified the profit outcome directly from blockchain data.
His performance highlights a tactical shift in volatile conditions, catching the market downturn at just the right time. Hyperliquid and Lookonchain have yet to provide further comment.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/crypto-trader-turns-468k-into-nearly-1m-here-is-how/