Meet James Wynn, the pseudonymous dealer on Hyperliquid who grew to become well-known for his $1 billion bitcoin short bet, 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 monitor report that become 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 might need discovered their new “Inverse Jim Cramer” in James Wynn’s trading wallet.
“The profitable technique these days? Do the alternative of James Wynn,” said blockchain sleuth Lookonchain in an X put up, 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. Up to now week, 0x2258 has made ~$17M, whereas James Wynn has misplaced ~$98M,” Lookonchain stated within the put up.
Seventeen million {dollars} in every week simply by inverse-betting on one dealer isn’t a nasty payday. Nevertheless, this could 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 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 get pleasure from doing it. I like taking part in the sport,” after the dealer acquired fully liquidated over the weekend.
So, possibly this Reddit gem: “How a lot cash would you have got made should 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 Doesn’t Know Bitcoin“