Earn $4 million in two months, revealing James Wynn's "held trumpet"

Author: @dethective, on-chain detective

Compiled: Ismay, BlockBeats

Through on-chain data and account behavior analysis, this article reveals the carefully arranged hedging operations behind James Wynn's "loss personality" KOL: it is a loss on the surface, but it is actually a secret profit. In the crypto world, identity and funds can often be easily hidden, but transaction records do not lie.

The following is the original content:

I found the Hyperliquid account that James Wynn used and he has been betting on himself.

Doing long bitcoin

Short Bitcoin

Some people have always suspected this before, but now I have conclusive evidence.

How did I find this wallet?

I noticed that James made $44,000 with invitation rebates; $16,000 of which comes from a single wallet; this wallet has a transaction volume of $1 billion;

More importantly, this wallet registration time was earlier than James began to share invitation links.

A coincidence?

After an in-depth analysis of the transaction situation, these two wallets traded almost the same set of tokens.

Is it another coincidence?

Next, a deeper analysis of Bitcoin transactions. As everyone knows, he became popular with a series of crazy Bitcoin transactions.

I marked the transactions of the two accounts on the picture:

Transactions representing hidden accounts

Transactions representing public accounts

As you can see, they are always on the opposite side.

On that hidden account, he made money. Yes, there was no record of liquidation in this account.

The current book profit is as high as US$4.2 million.

Current position situation: He is now long with 25 times leverage.

Interestingly, his operation was almost exactly the same as the deal of his friend Andrew Tate.

As everyone has always suspected, he actually didn't lose much money, and now we finally have evidence. But the problem is that his "poor compensation character" has become a very effective marketing method.

Now he already has:

370,000 fans

2360 "Smart Fans" (please stop paying attention to him)

Yaps that you can't make in your lifetime

All of this gave him enough "credit" to sell his Meme coins, sell courses, and even try his best to continue to cash in.

Whenever this kind of thing becomes popular online, I always keep seeing the same comment:

"Didn't he lose $90 million, he's only making $4 million now?"

Let me explain:

He didn't lose $90 million. That was just the unrealized profit he achieved one day during the trading session, not the actual money he obtained.

While his main account shows a profit of $90 million, other accounts are actually losing money (this is the basic principle of hedging).

That's right, the hedging position size may not be exactly the same, I agree with this.

If he placed the order on Hyperliquid, he would probably have done the same on other platforms (such as Binance, where he often transfers money).

The reason why he became popular is because everyone saw the exaggerated "90 million US dollars" number and believed it by just looking at the title.

If we judge a transaction using the "highest unrealized profit", then to put it bluntly, almost everyone "losses" over millions at some point.

Seeing those with strong background and sufficient experience easily be deceived by this emotional marketing, it only shows that this trick is indeed very useful.