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 sort 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 monitor file that changed into a meme. Many retail merchants began doing the precise reverse of his suggestions, and the thought 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 profitable technique these days? Do the alternative of James Wynn,” shelp blockchain sleuth Lookonchain in an X submit, pointing to a dealer who has been making thousands and thousands 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. Prior to now week, 0x2258 has made ~$17M, whereas James Wynn has misplaced ~$98M,” Lookonchain stated within the submit.
Seventeen million {dollars} in every week simply by inverse-betting on one dealer isn’t a foul payday. Nonetheless, this may be a short-term commerce, and one needs to be very cautious as issues can change lightning quick within the buying and selling world, leaving punters thousands and thousands in losses if not hedged correctly.
Even James Wynn stated, “I’ll run it again, I at all times do. And I’ll take pleasure in doing it. I like enjoying the sport,” after the dealer acquired absolutely liquidated over the weekend.
So, perhaps this Reddit gem: “How a lot cash would you’ve got made in the event 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“
