An anonymous trader who bet 1 billion Dollars on Bitcoin builds a long position in PepeCoin | CoinDesk JAPAN

• A cryptocurrency wallet known for high-risk trading has bet 1 million dollars on Pepe Coin with 10x leverage.
• Large trader "James Wynn" closed a Bitcoin position worth 1.2 billion Dollars with a loss of 175 million Dollars, and then opened a short position of 1 billion Dollars.
• Mr. Wynn announced his withdrawal from trading after securing a profit of 25 million Dollars from an initial investment of over 3 million Dollars.

One of the most talked-about crypto asset wallets in recent weeks began betting on Pepe Coin (PEPE) shortly after building a record position of 1 billion dollars (approximately 140 billion yen, based on an exchange rate of 1 dollar = 140 yen) in Bitcoin (BTC) on the on-chain trading platform Hyperliquid.

The wallet put in $1 million with 10x leverage and switched from trading bitcoin to betting on high-risk meme coins. Pepecoin is up almost 6% in the past few hours, and the position has already made a profit of $500,000 as of the morning European trading session.

On May 26, an anonymous trader known as "moonpig" on the decentralized exchange Hyperliquid, Mr. James Wynn, closed a long position of 1.2 billion Dollars (approximately 168 billion Yen) in Bitcoin with a loss of 17.5 million Dollars (approximately 2.45 billion Yen).

Mr. Win then took a short position of 1 billion Dollars (approximately 140 billion yen) using 40x leverage, betting all of his wallet's 50 million Dollars (approximately 7 billion yen) on a decline. Such positions represent record betting amounts on the on-chain platform and constitute the largest transaction where the entire amount is bet on blockchain-based services.

Mr. Win's new short position was opened at an average price of 107,077 Dollars, and since BTC traded around that level on the 26th, a profit of about 3 million Dollars (approximately 420 million Yen) was recorded.

This trade is like a high-risk "musical chairs" game. According to the data, if BTC exceeds 110,446 Dollars, the win position may be liquidated unless additional collateral is provided.

However, that position has already been settled, and Mr. Win announced that he would completely withdraw from perpetual trading on X. According to reports, he recorded a total profit of 25 million dollars (approximately 3.5 billion yen), exceeding the initial investment amount of 3 million dollars (approximately 420 million yen).

"I decided to leave the casino with a profit of 25 million dollars," Mr. Wynn posted. "It was fun, but now is the time to leave as a winner."

To all the fans and haters:

We had a good run gambling on perps

At peak the account was up $87,000,000 profits from like $3-$4m.

Now decided to leave the casino with my $25,000,000 profit

It’s been fun, but now it’s time for me to walk away a wynner

Wynn 1-0 Haters… pic.twitter.com/vuUiET2CQZ

— James Wynn 🐳 (@JamesWynnReal) May 26, 2025

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