Trader James Vinn earned $ 500,000 after a few months of failure

Cryptotraider James Vinn, known for his aggressive strategies for trading with shoulder, has earned more than $ 500 thousand today. This is his largest profit since May 25.

Earlier, he faced the elimination of risky positions on Hyperlique.

James Winn went into plus

In June, we reported a significant loss of Winn – he lost $ 100 million in Hyperlique. The trader continued to make risky bets. This month, the LOOKONCHINAIN ONCHIN analytics platform noted that on July 10, Winn transferred 27,522 USDC to Hyperlique and received a referral bonus of $ 3 960.84.

Then he opened a risky short position on Bitcoin with a 40X shoulder. However, the bet against the market again did not bring success. In less than 12 hours, his short position was completely eliminated, which led to a loss of $ 27,921.63. The next day, Winn deactivated his account in X (previously Twitter).

“James Winn deactivated his account in X! What happened? Did he completely go broke? All his wallets and balance on Hyperlique decreased to $ 10,176, ”they wrote in Lookonchain

Vinn’s silence did not last long. On July 15, he reappeared and said that he received an referral reward in the amount of 6 792.53 USDC. This time he relied on PEPE growth with a 10x shoulder.

The Lookonchain team noted that the trader added about 468,000 USDC to Hyperlique and opened a long position on Bitcoin with a 40X shoulder. Despite the partial liquidation, Vinn changed the strategy and made a profit.

“He switched from long to a short position in BTC and Hype, earned $ 473.9 thousand profit,” the company added in the message.

According to Hyperdash, on July 18 and 19, he earned $ 105,948 and $ 345,456, respectively, in short positions on bitcoin. Yesterday, Vinn made an additional 536 573 USDC in Hyperlique and opened two new positions: 25x longs on Ethereum and 10x longs for PEPE.

Today he closed both transactions by earned $ 33,386 on ETH and impressive $ 521,313.86 on PEPE. This deal became his most profitable from the moment of winning $ 18 million on May 25.

Winn still has two positions: 10x DOGE Long with an unrealized profit of $ 374,095 and 10x Long for PEPE with an unrealized profit of $ 30,759.

James Winn's open position on Hyperlique

Since returning to the market on July 15, the trader showed mixed results: seven profitable transactions and eight losses. At the time of writing, the percentage of winning transactions was 36.6%.

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Source: Cryptocurrency

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