Cryptocurrency investor and well-known figure James Wynn has claimed to have made over $41.69 million in total profits this year through decentralized cryptocurrency trading platform HyperLiquid.
In a statement on social media, Wynn said:
“I have made a total profit of $41,696,589.75 since I started trading on HyperLiquid this year. My next goal is $1 billion. Not for the money, but to leave a legacy. It is probably not possible to reach that goal this cycle unless I take heavy short positions at the tops. I don’t think there is anyone else with my wealth who is willing to increase positions with 40x leverage and invest large amounts.”
According to on-chain analytics platform Onchain Lens, Wynn’s floating profit on HyperLiquid has exceeded $39 million. Wynn’s high leverage long positions are as follows:
- PEPE (10x leverage): $23.4 million in instant profit
- TRUMP (10x leverage): $5.7 million in instant profit
- BTC (40x leverage): $4.96 million in instant profit
- FARTCOIN (5x leverage): $4.45 million in instant profit
However, it should not be forgotten that leveraged transactions are extremely risky, and such transactions in the already high-risk cryptocurrency market may result in the loss of the entire investment, including the principal.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/this-trader-claims-to-have-made-over-40-million-in-profits-in-cryptocurrencies-since-the-beginning-of-the-year-here-are-its-positions-according-to-onchain-data/