Meet James Wynn, the pseudonymous dealer on Hyperliquid who grew to become well-known for his $1 billion bitcoin quick wager, might now be gaining a brand new type of fame: as crypto’s personal “Inverse Cramer.”
For these unfamiliar with the Cramer lore: he’s the high-octane, loud-money mascot of CNBC’s Mad Cash, a former hedge fund supervisor turned inventory picker with a hit-or-miss observe report that changed into a meme. Many retail merchants began doing the precise reverse of his suggestions, and the concept grew to become so well-known that an “Inverse Cramer ETF” was launched (it was later shut down, however the meme lives on).
Now, crypto merchants may need discovered their new “Inverse Jim Cramer” in James Wynn’s buying and selling pockets.
“The successful technique recently? Do the alternative of James Wynn,” sassist blockchain sleuth Lookonchain in an X publish, pointing to a dealer who has been making tens of millions by doing precisely the alternative of James Wynn’s trades.
“0x2258 has been counter-trading James Wynn—shorting when James Wynn goes lengthy, and going lengthy when James Wynn shorts. Up to now week, 0x2258 has made ~$17M, whereas James Wynn has misplaced ~$98M,” Lookonchain stated within the publish.
Seventeen million {dollars} in per week simply by inverse-betting on one dealer shouldn’t be a foul payday. Nevertheless, this is likely to be a short-term commerce, and one ought to be very cautious as issues can change lightning quick within the buying and selling world, leaving punters tens of millions in losses if not hedged correctly.
Even James Wynn stated, “I’ll run it again, I all the time do. And I’ll take pleasure in doing it. I like taking part in the sport,” after the dealer acquired totally liquidated over the weekend.
So, possibly this Reddit gem: “How a lot cash would you’ve got made in case you did the precise reverse of Jim Cramer?” would by no means translate to incorporate James Wynn. However the sentiments, although, are loud and clear: in a market the place notion is half the commerce, even your PnL can get memed!
A bonus learn: Jim Cramer Does not Know Bitcoin“
