Trader Nets $5.6M in 3 Days by Betting Against James Wynn: Inside the Daring Counterplay

Holy smokes, folks! A mysterious trader just raked in a whopping $5.6 million in a mere three days by going head-to-head with none other than James Wynn. Was it a brilliant counter-strategy, or is Wynn secretly pulling the strings from a hidden wallet?

Get this: according to the crypto sleuths at Lookonchain, a trader known only by their wallet address 0x2258 has been playing the ultimate game of financial chess. This daring player made bank by doing the exact opposite of Wynn's moves—shorting when Wynn went long and longing when Wynn shorted. Talk about a high-stakes game!

Here's how it went down: On May 24, while Wynn was confidently opening a long position on Bitcoin, 0x2258 swooped in and started shorting both Bitcoin and Ethereum. The very next day, when Wynn closed his Bitcoin long, our mystery trader closed their short, pocketing a cool $1.36 million. But the rollercoaster didn't stop there. Later that same day, as Wynn switched gears from long to short on Bitcoin, 0x2258 flipped the script again, going long on both Bitcoin and Ethereum.

Then, on May 26, when Wynn decided to exit his short position, 0x2258 closed their long, walking away with another $2.54 million. But wait, there's more! That same day, as Wynn re-entered a long position on Bitcoin, 0x2258 shorted both Bitcoin and Ethereum once more, racking up an unrealized profit of $1.7 million by the time Lookonchain spilled the beans.

Now, the crypto community on X is buzzing with theories that 0x2258's wallet might just be connected to Wynn himself. One savvy user dropped the classic line, "If it smells like fish, tastes like fish, and swims like fish, it's probably a fish," alongside a screenshot showing how eerily 0x2258's gains mirrored Wynn's losses or position flips.

Some folks are even suggesting that Wynn might be using a second wallet to hedge his bets. One user mused, "Hedging his own trades? Or did Johnny use him as a countertrade signal—which he was, by the way." Another chimed in, "No sane person keeps losing millions every day. He likely kept his positions hedged there or elsewhere. What he was really after was attention and engagement—and big money draws attention."

This user went on to speculate that Wynn might have intentionally set up his trades to trigger liquidations in others near his risk levels, using his deep pockets to manipulate the market in his favor while throwing everyone off the scent.

But hold up—Wynn isn't having any of it. He was quick to deny any connection to the 0x2258 wallet, firing back at the Lookonchain post even before the thread exploded. He said, "Not happy with this post at all. Whoever trader 0x2258 is, it is not me and I have no clue who it is. I only trade on one HL account and that's public. Don't start spreading fake news with zero proof."