For those unfamiliar with the name,
James Wynn is a pseudonym of a self-proclaimed “degen” whale trader who primarily trades on the Hyperliquid platform. He gains his reputation and the title "whale" mostly because of the bets he made on some meme coins (among them the PEPE, FART and TRUMP), turning $500,000 into $87 million. Of course, almost all his bets/ positions are in the Perpetual market, regularly topping nine figures, and with 10x to 40x leverage.
The previous week got liquidated since his long position on BTC failed and led him to a ~$100 million loss. I don't want to post specific articles, you can all read the whole story on various channels on the web, and the updates of it (yesterday he tagged CZ on X and urgently asked him to DM him, and the answer was a "positive" one). The question(s) here are this: Do you believe that he is a legendary trader or that he is a shill and a fake/ scammer trader? Does he know what he is doing, or does he get lucky out of nowhere? He gets busted by manipulation tactics, or does he just speculate wrong? Just for the record, another trader who consistently counter-trading James Wynn’s positions has raked in $17 million in profits...
P.S.: If this isn't the proper section, please let me know so I can move the thread to the correct one. Thank you.
Three important questions are been asked here, in my opinion, he is legendary trader this is because is only legendary traders that can forcast and predict the market such that he can make name for himself and even know what coin to trade, hence i believe he is not a scammer and he is not trading by luck, any body can loss money in the market, hence him losing is not peculiar to him alone, however i believe knowing when to exit a trade and market is very important. You can predict a trade/coin however it may goes the other way due to factor beyond your control like news, hence i suggest trader should trade caution while observing all trading strategies.