While James Wynn lost almost $ 100 million, another merchant made a fortune when taking the opposite side of his trades.
A cryptography merchant won more than $ 17 million betting against the controversial manager of James Wynn cryptographic funds. On Friday, May 30, Lookonchain reported that the merchant behind the direction of the 0x2258 wallet repeatedly reflected the opposite of Wynn’s positions.
The merchant shortened when Wynn took a long time and gave a lot of time when Wynn shortened. The approach was worth it, which resulted in $ 17 million in profits, while Wynn accumulated $ 98 million in losses.
This strategy began He caught his attention On May 24, when 0x2258 shortened both Bitcoin and Ethereum, contrary to the long Wynn positions. The next day, after Wynn closed its operations, 0x2258 followed its example, blocking a gain of $ 1.36 million.
Wynn then turned shortly BTC and ETH, while 0x2258 was long. When Wynn came out, the counterpart won 0x2258 another $ 2.54 million. This continued until May 26, when Wynn passed again and 0x2258 benefited from $ 1.7 million per short circuit.
Wynn’s risky bets cost him $ 98 million
James Wynn is a well -known high -apalitation merchant whose risky exchanges In Hyperliquid it has led him to the largest losses so far, now ascending to around $ 100 million. Even so, the merchant declared that he did not regret the “casino.”
“Zero regrets. Highly $ 4 million to $ 100 million and going back to -$ 13 million is an exciting emotion. I hope many of you have enjoyed it as much as I”, James Wynn saying.
While it is known for its leveraged trades, Wynn is also a controversial figure due to its participation in Memecoins. He was accused For several cryptographic researchers, including Zachxbt, to pump and download memecoras to their followers.