Retail sentiment regarding Hyperliquid has shifted from “bearish” to a more “neutral” stance in the last day, with chatter levels returning to “normal.”
- “The comeback is going to be fierce,” proclaimed James Wynn, a risk trader who suffered a $100 million loss earlier this year after taking a 40x leveraged long position in Bitcoin.
- As per OnchainLens data, Wynn has a 10x leveraged long position in PEPE, which saw a more than 17% increase in just 24 hours, netting him over $530,000 in unrealized profits.
- His new strategy is facing strong scrutiny due to his previous record of significant losses in hyperliquid trading.
On Sunday, James Wynn expressed optimism about his trading future, saying his “comeback is going to be fierce” after establishing a long position in Bitcoin (BTC) with leverage.
In a recent post, he highlighted a “violent” return to high-leverage trading, referencing on-chain metrics that showed a 40x long position in Bitcoin and a favorable 10x position in PEPE on HyperLiquid (HYPE). This “comeback” remark is linked to his prior experience on the platform where he encountered that hefty loss.
Wynn responded to blockchain analysis from OnchainLens, which confirmed his long Bitcoin position. The analysis also pointed out his substantial stake in memecoin PEPE, which is yielding more than $530,000 in floating profits. A shared screenshot from OnchainLens illustrates his positions, emphasizing the unrealized gains in the PEPE trade.
PEPE was trading at $0.000007010, marking a 17.4% rise over the last 24 hours. On Stocktwits, the retail sentiment surrounding PEPE has remained “very bullish,” complemented by high levels of discussion.
OnchainLens reported that Wynn took a long Bitcoin position at 40x leverage on the Hyperliquid derivatives platform, confirming his 10x leveraged long hold in PEPE as well.
Wynn’s losses to date total $100 million.
Wynn, known for his high-risk approach in cryptocurrency derivatives trading, lost about $100 million in May 2025. This loss encompassed both his profits and principal after a series of leveraged trades went against him on the HyperLiquid platform, as noted by the company. Despite these significant losses, he has continued trading and remains active in high-leverage environments, grabbing attention for the scale and visibility of his positions.
Hyper Liquid (HYPE) was priced at $25.18, showing a 2.42% rise from the prior day. Overall, retail sentiment for Hyperliquid transitioned from “bearish” to “neutral,” with normal chatter levels persisting over the past day.
