Legendary trader James Wynn, popularly known as the Hyperliquid whale, is grabbing the headlines in the early stages of this bull market — first with his staggering profits, then with his crushing losses.
Wynn’s P&L plunged from a $87 million gain to a $6.7 million loss in just five days, despite the lack of any major price movement.
While Wynn’s downfall serves as a cautionary tale against emotion-based trading, his $65 million windfall from Pepe is a powerful reminder of the asymmetric upside that meme coins can deliver in the right market conditions.
For instance, a new AI agent coin, MIND of Pepe (MIND), which is going live in the early stages of a bull market, is seeing a string of six-figure investments from whales. Many analysts are calling it the next 100x crypto.
How James Wynn Made $65 Million With Pepe Coin?
The popular Pepe meme coin has created several rags-to-riches stories with its explosive upwards trajectory. For instance, one small-scale investor turned his $27 investment into $52 million, data from LookOnChain reveals.
James Wynn is just another investor who made multimillion-dollar profits with PEPE.
Lookonchain reveals that Wynn invested $182k in the Pepe coin, when its market capitalization was below $600k. Since then, he has sold his entire PEPE holdings for $40.02 million, securing a cool 222x returns from his spot positions alone.
Additionally, he has made $25.315 million through Pepe perpetual trading on HyperLiquid, placing 8 trades and winning 4 of them.
It is unclear whether Wynn will add to his Pepe spot holdings or open leveraged long trades, despite there being a clear indication that the meme coin is poised for a major bull rally.
PEPE is an excellent beta bet on Bitcoin and Ethereum, both of which appear set for significant growth. Another legendary trader, Bluntz, has recently given an extremely bullish Pepe price prediction, anticipating a 32% rally in the coming weeks.
How James Wynn Lost $87M In 5 Days
Wynn saw his P&L skyrocket to $87 million on May 23rd, as a result of high leverage, albeit smart trades.
However, Wynn soon shifted to emotion-driven trading, taking on 20x leveraged positions worth billions. Predictably, market makers began targeting his trades, deliberately moving prices to trigger his liquidations.
What makes it even more tragic is that Wynn didn’t need to take such extreme risks. In the early stages of a bull market, simply holding spot positions in high-upside assets can yield substantial returns — no leverage required.
Is MIND of Pepe the Next Crypto to Explode
Just a week ahead of its launch date, June 3rd, MIND of Pepe (MIND) is being widely viewed as one of the best AI crypto investments for the upcoming bull market.
The MIND presale has already raised over $10.8 million in short order, partly owing to the strong whale demand, which resulted in a flurry of six-figure investments into it.
There is a strong demand for the AI agent sector, especially following the success of assets like Virtuals Protocol, aixbt and ai16z. Considering MIND is a rare ETH-based AI agent coin, it has a separate niche and is poised to tap into the vast Ethereum holder base.
Moreover, MIND of Pepe is pushing the frontiers of AI integration with blockchain technology. Powered by its proprietary AI agent, the MoP terminal is designed to give a significant competitive edge to MIND holders through trading signals, sentiment analysis, whale activity and more.
The agent has its own crypto wallet, which it will use to launch meme coins and find the next Goatseus Maximus or Fartcoin. It also has self-managed X and Telegram accounts, which it can use to market itself, communicate with influencers and start new trends.
MIND holders will once again have a front-row seat and priority access to all its activities.
Smart money investors are eyeing somewhere between 50x to 100x returns with MIND of Pepe. However, sidelined investors only have 3 days to invest in the token at its presale price and secure the maximum profits.
Visit MIND of Pepe Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.