Meet James Wynn, the pseudonymous dealer on Hyperliquid who turned well-known for his $1 billion bitcoin quick guess, may 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 Casha former hedge fund supervisor turned inventory picker with a hit-or-miss observe document that was a meme. Many retail merchants began doing the precise reverse of his suggestions, and the thought turned 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,” mentioned blockchain sleuth Lookonchain in an X publish, 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 mentioned within the publish.
Seventeen million {dollars} in every week simply by inverse-betting on one dealer is just not a foul payday. Nevertheless, this is perhaps 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 mentioned, “I’ll run it again, I all the time do. And I’ll get pleasure from doing it. I like enjoying the sport,” after the dealer acquired totally liquidated over the weekend.
So, possibly this Reddit gem: “How a lot cash would you’ve 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 Would not Know Bitcoin”
