- A trader using wallet 0x2258 made $5.6 million in three days by consistently taking the opposite trade positions of James Wynn’s Bitcoin trade.
- This move has caused a lot of speculation on X, with some believing that the unknown account might be linked to Wynn.
A smart trader has made headlines after making a profit of $5.6 million in three days by betting against all of James Wynn’s Bitcoin trades. While Wynn went long, the trader went short and vice versa, proving that sometimes, going against the crowd can be incredibly rewarding.
The question of whether this strategy was intentional or done to spite the trader is still unknown.
According to details shared by Lookonchain, a trader using the wallet 0x2258 made $5.6 million in only three days by doing the opposite of James Wynn’s moves. The counter trading started on May 24th after Wynn bought Bitcoin; the trader went on to short both BTC and ETH.
The next day, after Wynn ended his buy, the 0x2258 wallet closed the sell position and gained $1.36 million. Later that day, as Wynn switched to selling BTC, the trader changed direction too, buying BTC and ETH. On May 26th, when Wynn closed his sell position, 0x2258 also closed the buy and made another $2.54 million.
That same day, Wynn went back to buying, which led 0x2258 to sell again, earning an unrealized profit of $1.7 million by the time Lookonchain reported the news.
source: Lookonchain (X)
Unknown Trader’s Strategy Sparks Conversation Within the Crypto Community
0x2258’s trading activity has caused many people in the crypto community on X to wonder if the unknown wallet belongs to Wynn or is somehow connected to him. Some people guessed that Wynn might be using another address to protect his own moves.
One person asked if he was using this strategy to cover his trades or if someone else just used his actions as a signal to do the opposite. Before the online talk grew, Wynn quickly replied to Lookonchain’s post, clearly stating that he had no link to the wallet.
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