Chart of the Week: Crypto May Now Have Its Own 'Inverse Cramer' and Profits Are in the Millions

Meet James Wynn, the pseudonymous trader connected Hyperliquid who became celebrated for his $1 cardinal bitcoin abbreviated bet, could present beryllium gaining a caller benignant of fame: arsenic crypto’s ain “Inverse Cramer.”

For those unfamiliar with the Cramer lore: he’s the high-octane, loud-money mascot of CNBC’s Mad Money, a erstwhile hedge money manager turned banal picker with a hit-or-miss way grounds that turned into a meme. Many retail traders started doing the nonstop other of his recommendations, and the thought became truthful celebrated that an “Inverse Cramer ETF” was launched (it was aboriginal unopen down, but the meme lives on).

Now, crypto traders mightiness person recovered their caller "Inverse Jim Cramer" successful James Wynn's trading wallet.

"The winning strategy lately? Do the other of James Wynn," said blockchain sleuth Lookonchain successful an X post, pointing to a trader who has been making millions by doing precisely the other of James Wynn's trades.

"0x2258 has been counter-trading James Wynn—shorting erstwhile James Wynn goes long, and going agelong erstwhile James Wynn shorts. In the past week, 0x2258 has made ~$17M, portion James Wynn has mislaid ~$98M," Lookonchain said successful the post.

Seventeen cardinal dollars successful a week conscionable by inverse-betting connected 1 trader is not a atrocious payday. However, this mightiness beryllium a short-term trade, and 1 should beryllium precise cautious arsenic things tin alteration lightning accelerated successful the trading world, leaving punters millions successful losses if not hedged properly.

Even James Wynn said, "I’ll tally it back, I ever do. And I’ll bask doing it. I similar playing the game,” aft the trader got fully liquidated implicit the weekend.

So, possibly this Reddit gem: "How overmuch wealth would you person made if you did the nonstop other of Jim Cramer?" would ne'er construe to see James Wynn. But the sentiments, though, are large and clear: successful a marketplace wherever cognition is fractional the trade, adjacent your PnL tin get memed!

A bonus read: Jim Cramer Doesn't Know Bitcoin"