This Trader Claims to Have Made Over $40 Million in Profits in Cryptocurrencies Since the Beginning of the Year: Here Are Its Positions According to Onchain Data

Cryptocurrency investor and well-known figure James Wynn has claimed to have made over $41.69 million in total profits this year through decentralized cryptocurrency trading platform HyperLiquid.In a statement on social media, Wynn said:“I have made a total profit of $41,696,589.75 since I started trading on HyperLiquid this year. My next goal is $1 billion. Not for the money, but to leave a legacy. It is probably not possible to reach that goal this cycle unless I take heavy short positions at the tops. I don’t think there is anyone else with my wealth who is willing to increase positions with 40x leverage and invest large amounts.”Related News: Following Bitcoin's Surpass of $100,000, Predictions for This Year's Peak Price Have Been Updated - Here Are the New Expected Price LevelsAccording to on-chain analytics platform Onchain Lens, Wynn’s floating profit on HyperLiquid has exceeded $39 million. Wynn’s high leverage long positions are as follows:PEPE (10x leverage): $23.4 million in instant profitTRUMP (10x leverage): $5.7 million in instant profitBTC (40x leverage): $4.96 million in instant profitFARTCOIN (5x leverage): $4.45 million in instant profitHowever, it should not be forgotten that leveraged transactions are extremely risky, and such transactions in the already high-risk cryptocurrency market may result in the loss of the entire investment, including the principal.*This is not investment advice. Continue Reading: This Trader Claims to Have Made Over $40 Million in Profits in Cryptocurrencies Since the Beginning of the Year: Here Are Its Positions According to Onchain Data