Crypto trader James Wynn has announced a major investment in XRP, the digital asset tied to Ripple Labs, declaring it could revolutionize banking systems. In a post on X dated October 25, 2025, Wynn revealed he spent the previous 24 hours deeply researching XRP and decided to commit a significant portion of his portfolio, specifically over $25,000, into the token. He openly asked his followers to educate him on the pros and cons, emphasizing his ongoing learning process in crypto.
Wynn gained fame in 2023 by turning a $7,600 investment in the memecoin PEPE into an estimated $25 million, establishing himself as an early success story in meme coins. His trading activities have been closely tracked, including high-leverage positions on platforms like Hyperliquid, where he held long Bitcoin positions valued at $1.25 billion and saw profits soar to over $87 million before market volatility erased gains, leaving him with losses of roughly $13 million. After retiring from perpetual trading earlier in 2025, he returned in October, resuming trades with positions in Bitcoin, Ether, and PEPE, but faced nearly $5 million in losses amid a market downturn.
Following these setbacks, Wynn stated he is moving away from speculative trading and memecoins to focus on entrepreneurship in the crypto industry, aiming to build valuable products and services. His endorsement of XRP coincides with Ripple Labs rebranding its acquired prime broker, Hidden Road, to Ripple Prime—a $1.25 billion acquisition—making it the first crypto company to own and operate a global multi-asset prime broker. The news comes as crypto markets struggle in October 2025, potentially on track for the weakest October since 2015, despite historical average returns of over 25% for Bitcoin.
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