Crypto May Now Have Its Own ‘Inverse Cramer’ and Profits Are in Millions

Meet James Wynn, the pseudonymous dealer on Hyperliquid who turned well-known for his $1 billion bitcoin brief 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 Money, a former hedge fund supervisor turned inventory picker with a hit-or-miss observe report that changed into a meme. Many retail merchants began doing the precise reverse of his suggestions, and the concept 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 winning strategy lately? Do the opposite of James Wynn,” shelp blockchain sleuth Lookonchain in an X put up, pointing to a dealer who has been making hundreds of thousands by doing precisely the alternative of James Wynn’s trades.

“0x2258 has been counter-trading James Wynn—shorting when James Wynn goes long, and going long when James Wynn shorts. In the past week, 0x2258 has made ~$17M, while James Wynn has lost ~$98M,” Lookonchain mentioned in the put up.

Seventeen million {dollars} in every week simply by inverse-betting on one dealer just isn’t a foul payday. However, this is likely to be a short-term commerce, and one needs to be very cautious as issues can change lightning quick in the buying and selling world, leaving punters hundreds of thousands in losses if not hedged correctly.

Even James Wynn mentioned, “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 obtained absolutely liquidated over the weekend.

So, possibly this Reddit gem: “How a lot cash would you’ve made in case you did the precise reverse of Jim Cramer?” would never translate to include James Wynn. But the sentiments, though, are loud and clear: in a market where perception is half the trade, even your PnL can get memed!

A bonus read: Jim Cramer Doesn’t Know Bitcoin“