Move over Jim Cramer—crypto may have found its very own “Inverse Cramer” in James Wynn, a high-profile trader on the Hyperliquid exchange who made headlines for his $1 billion short bet on Bitcoin. Now, savvy traders are raking in millions by simply doing the opposite of his trades.
Who Is James Wynn?
James Wynn is a pseudonymous trader known for bold, high-leverage positions on Hyperliquid, a rising decentralized crypto derivatives platform. Recently, Wynn placed a staggering $1 billion short on Bitcoin—only to watch it turn into a massive loss.
But the spotlight isn’t on Wynn for his losses alone. It’s on the counter-traders profiting by mirroring his mistakes.
The ‘Inverse Cramer’ Strategy Goes Crypto
Blockchain analytics account Lookonchain flagged Wynn’s trading activity on social media platform X, saying:
“The winning strategy lately? Do the opposite of James Wynn.”
In fact, an on-chain trader labeled 0x2258 reportedly made $17 million in one week by shorting when Wynn went long, and going long when Wynn shorted. Meanwhile, Wynn reportedly lost $98 million during the same period.
Caution: This May Be a Short-Term Opportunity
The phenomenon echoes the “Inverse Cramer ETF” meme from the stock world, where traders did the opposite of TV host Jim Cramer’s picks. While humorous and temporarily profitable, experts warn this type of strategy could be short-lived and high-risk, especially if Wynn shifts his tactics or the market turns volatile.
Even Wynn himself seems unfazed, saying:
“I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game.”
Key Takeaways
- James Wynn is being dubbed crypto’s “Inverse Cramer” after losing $98M on Hyperliquid.
- Trader 0x2258 made $17M in one week by trading against Wynn’s positions.
- The trend highlights how on-chain transparency can create new forms of alpha generation.
- Traders are advised to be cautious, as reverse strategies like this can fail fast.