This Trader Claims to Have Made Over 40 Million Dollars in Profit from Cryptocurrencies Since the Beginning of the Year: Here Are the Positions According to Onchain Data

Crypto investor and prominent figure James Wynn claimed that he has earned over $41.69 million in profit this year through the decentralized crypto trading platform HyperLiquid.

In a statement made via social media, Wynn said the following:

"Since I started trading on HyperLiquid this year, I have made a total profit of $41,696,589.75. My next goal is $1 billion. Not for the money, but to leave a legacy. It is probably not possible for me to reach this goal in this cycle unless I take sharp short positions from the peaks. I don't think there is anyone else willing to increase positions with 40x leverage and invest large amounts, having a fortune like mine."

According to the on-chain analysis platform called Onchain Lens, Wynn's instantaneous (floating) profit on HyperLiquid has exceeded 39 million dollars. Wynn's high-leverage long positions are as follows:

• PEPE (10x leverage): 23.4 million dollars instant profit
• TRUMP (10x leverage): 5.7 million dollars instant profit
• BTC (40x leverage): $4.96 million instant profit
• FARTCOIN (5x leverage): 4.45 million dollars current profit

However, it is important to remember that leveraged trading is extremely risky, and in the already high-risk crypto market, such transactions can result in the loss of the entire investment, including the principal.