Crypto Trader Rakes in $5.6M in 72 Hours—By Betting Against a Big Name

Talk about playing the reverse card. One anonymous trader just turned James Wynn’s market moves into their personal ATM—scoring a staggering $5.6 million profit in three days by countertrading his positions.

How’s that for irony? While hedge funds charge 2-and-20 for ‘alpha,’ this rogue operator flipped the script with a single contrarian play. No VC backing, no token grants—just pure, unfiltered market jiu-jitsu.

Of course, in crypto, today’s genius is tomorrow’s liquidation. But for now? Let’s just say someone’s buying a yacht with the fees Wynn’s LPs paid for ‘expertise.’

Trader Bags $2.54M by Flipping Long as Wynn Turned Bearish

On May 25, as Wynn switched to a short position, 0x2258 went long on both BTC and ETH, closing the position on May 26 with another $2.54 million gain.

When Wynn re-entered a long BTC trade that same day, the trader flipped short again, adding an unrealized $1.7 million in profit, according to Lookonchain’s latest data.

The striking symmetry between 0x2258’s gains and Wynn’s moves has fueled speculation.

What a smart trader!

When @JamesWynnReal goes long, he goes short.
When James Wynn goes short, he goes long.
And in just 3 days, he’s made $5.6M!

How did he do it?

On May 24, trader 0x2258 started shorting $BTC and $ETH, when James Wynn was long $BTC.

On May 25, when… pic.twitter.com/dj8GourfWW

Some users on X questioned whether the wallet might be linked to Wynn himself, suggesting the possibility of hidden hedging or coordinated manipulation.

“If it smells like fish, tastes like fish, and swims like fish, it’s probably a fish,” one user wrote, pointing to the uncanny alignment of trades.

Others floated the theory that Wynn could be using public losses to generate engagement, while quietly managing risk through private wallets.

Wynn pushed back swiftly. Responding directly to Lookonchain’s post, he denied any connection to 0x2258. “I only trade on one HL account and that’s public. Don’t start spreading fake news with zero proof,” he wrote.

Not happy with this post at all. Whoever trader 0x2258 is, it is not me and have no clue who it is. I only trade on one HL account and thats public. Don’t start spreading fake news with zero proof.

While the identity of 0x2258 remains unknown, the wallet’s run has become one of the most talked-about streaks on crypto trading X this week.

Wynn Loses $36M After Trump’s Tariff Shock Shakes Markets

Wynn took a major hit on May 23 after former President Donald TRUMP proposed a sweeping 50% tariff on all EU imports.

The announcement triggered sharp sell-offs in both traditional and crypto markets, sending Bitcoin below $107,000 and dragging Ether to $2,504.

Memecoins were hit especially hard, compounding losses across highly volatile tokens.

According to data from HypurrScan, Wynn has lost over $36 million over the past week. Despite the setback, he remains $12 million in profit on his all-time trading record.

Wynn, known for his aggressive use of leverage and affinity for memecoins, began trading on Hyperliquid two months ago after depositing $4.65 million in USDC.

The decentralized exchange (DEX) is built on the Hyperliquid layer-1 chain and supports Leveraged trading, spot markets, and lending services.