Key Highlights:
- A trader on Hyperliquid placed a $1 billion BTC leveraged position with 40x leverage.
- The paper profit reached $17 million before turning into a temporary $15.6 million loss.
- The liquidation price was adjusted to $104,000 as BTC fluctuated above $109K.
$1 Billion BTC Position Swings Through $32 Million Loss
An investor with a wallet address starting with “0x507” placed a massive leveraged bet on the decentralized exchange Hyperliquid. The position, valued at $1 billion, experienced major swings on Wednesday, with a $32 million drawdown recorded on paper as Bitcoin’s price fluctuated throughout the day.
- The initial bet started at $400,000 before the trader added more funds several times.
- The position used 40x leverage, with an average entry price of $108,000.
- At the time of writing, BTC was trading around $108,300, with a 1.5% daily increase according to CoinGecko.
From +$17 Million to -$15.6 Million in Under 2 Hours
- “0x507” saw a $17 million gain, which was quickly erased after a price dip.
- This was followed by a temporary $15.6 million loss, according to HyperDash.
- The liquidation price was approximately $103,800 before the user added more collateral.
According to analysis, the trader’s first interaction with Hyperliquid was around two months ago, with an initial deposit of about $3 million in stablecoins.
Performance in Other Trades
HyperDash shows that:
- “0x507” earned $4.8 million from Fartcoin (a Solana-based meme coin)
- And another $6.8 million from Official Trump (another meme token)
- Their biggest loss was $912,000 on a BTC position less than two weeks ago
Who Is Behind “0x507”?
An X account named SigmaSquared linked “0x507” to @JamesWynnReal — who describes himself as a “high risk leverage trader” and “meme coin maxi.”
He did it, fellas — the first position on Hyperliquid to exceed $1 billion
wrote SigmaSquared.
JamesWynnReal claimed in posts that the trade began five days ago with $400,000, and the position was gradually scaled up.
Hyperliquid and Its Infrastructure
Hyperliquid uses its own high-speed blockchain network, built on Ethereum Layer 2 (Arbitrum). The network’s public nature makes large trades a spectacle for the audience. The platform has previously had to respond to similar cases with rapid technical adjustments when massive positions pushed the system to its limits.
Conclusion:
This case with “0x507” is not just another episode of volatile trading. It reflects the new reality on decentralized exchanges, where high-risk individuals place billion-dollar bets.
While some view this as brilliant strategy, others warn of systemic risks that could destabilize platforms. Hyperliquid shows that innovation and transparency can go hand in hand with risk — as long as the infrastructure can handle the pressure.
Frequently Asked Questions
Find answers to the most common questions below.
According to posts on X, the trader is associated with the @JamesWynnReal account, which describes itself as a "high risk leverage trader" and is known for trading meme tokens.
The trader reached $17 million profit on paper, but after volatility, the position went to a temporary loss of $15.6 million.
Hyperliquid is a decentralized exchange based on Ethereum Layer 2 (Arbitrum) that enables leveraged trading with high speed and transparency. Large positions often become a public focus.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
