In less than a week, the now-infamous James Wynn crypto trader has gone from trading billion-dollar Bitcoin leverage positions to now shilling small-cap memecoins to his 355,000 X followers.
Wynn’s public PnL on the Hyperliquid DEX was sitting at over $100 million just a few weeks ago, after opening a 40x long leverage position on BTC. However, liquidations and manual position closures resulted in a loss of $95 million for the one-time Bitcoin whale.
I made $100m and lost it in a week using leverage like an idiot.
If you too want to trade leverage you can do it on #HyperLiquid but make sure to follow proper risk management.
Money can come fast. And go fast.
Use code: ‘WYNN’ to save $$ on fees 👇… pic.twitter.com/GJZkBlSkbM
— James Wynn (@JamesWynnReal) June 6, 2025
James Wynn Crypto Trader Reminds Everybody Of The Pitfalls That Come With Leverage Trading
The downfall of James Wynn will be studied for years to come as the pseudo-anonymous crypto trader went from hero to zero in less than two weeks. Wynn was being championed across social media with his ever-growing leveraged Bitcoin position on Hyperliquid, rising to a $1.2 billion position at one point.
Following an unwinding of his position that saw multiple liquidations and Wynn even manually closing some of his trades at huge losses, the trader was seemingly losing his mind with multiple X posts directing his anger toward entities hunting his public liquidation levels before finally declaring that ‘money isn’t real’.
Since those posts a few days ago, James Wynn, a crypto trader, has returned to the place he feels most comfortable: the meme coin trenches.
He has taken the remaining dwindling portfolio and gone all in on the MOONPIG memecoin, a pump.fun token on Solana that Wynn has been championing since its run from less than $10m to over $100m in market cap.
Ironically, MOONPIG’s price action has mimicked James Wynn’s Bitcoin leverage journey. While Wynn was up massively on the Hyperliquid platform, MOONPIG made a run to $100 million.
However, as Wynn’s positions began unwinding, so did the price of MOONPIG, dropping nearly 90% from May 27 to today. One piece of hope for James Wynn in his MOONPIG position is that the meme coin posted its first daily green candle since June 2, offering some comfort to the trader in his latest endeavour.
MOONPIG is currently trading for $0.019 with a market cap of $18 million – it has a long way to go to recover its late-May all-time high level of $0.117, as Wynn has seemingly put all of his eggs in the basket of this pig-themed Solana memecoin.
Currently, the James Wynn crypto trader X account is filled with Bitcoin bullposting and MOONPIG shills, with no mention of returning to Hyperliquid for a second round of degen leverage trading.
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
Is Snorter Bot (SNORT) The Better Memecoin Play In July Than James Wynn’s MOONPIG?
While MOONPIG is down 90% from its all-time high and living solely off of its connection to James Wynn, Snorter Bot (SNORT) might just be the better memecoin play this month.
SNORT is a meme coin/utility hybrid currently available via an ongoing presale. Over $570,000 was raised in just five days of going live.
Snorter Bot is a brand new telegram-trading bot for the Solana chain but packed with multi-chain capabilities, meaning an expansion to other networks will be coming at a later date.
The Snorter Bot is entering a sector currently dominated by BONKbot and Trojan, two longstanding telegram-trading bots that have dominated market share for well over a year now.
However, SNORT is gatecrashing the Telegram bot space, aiming to quickly establish itself as a day one competitor to BONKbot and Trojan. It is doing so by introducing market-leading low-cost trading fees for SNORT holders.
Users who hold the SNORT token will only pay 0.85% in fees, beating BONKbot, Trojan, and all of the smaller bots currently on the market. Aside from fees, Snorter Bot is lightning fast, offering traders the quickest way to ape in and out of meme coins at breakneck speeds.
Not stopping at merely leading the way with low fees and super-fast transaction speeds, Snorter Bot users can also activate copy trading, allowing traders to duplicate the trades of their favourite wallets.
For snipers, Snorter Bot has them covered with its lightning-quick token sniping capabilities, leading many to call it one of the best crypto presales to consider in July.
Blending memecoin branding with trading bot utility means that SNORT follows a similar playbook to BONK, which started out as just a memecoin for introducing the BONKbot.
One thing of note that has seen the Snorter Bot presale pick up some serious steam in the past few days is BONK’s $1.1 billion market cap.
With similar meme coin virality potential and a trading bot superior to BONKbot, many are wondering whether SNORT will overtake BONK as the leading Telegram trading bot.
Now that James Wynn, a crypto trader, has left high-leverage Bitcoin trading behind him, choosing to return to the trenches that made him his fortune, Snorter Bot may become his go-to trading tool as he attempts to recover his lost wealth.
Check Out The Snorter Bot Presale Today
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