James Wynn: From $100M Loss to $1M Profit, and Back in the Game!

The Rollercoaster Ride of a Crypto Daredevil

Holy smokes, folks! James Wynn, the man who lost nearly $100M last week, is back and bolder than ever! He just sold a whopping $4.12M worth of HYPE, pocketing over $1M in profit, and then slammed down a new 945 BTC long position with mind-blowing 40x leverage. This guy's got nerves of steel!

Get this: Lookonchain spilled the beans that Wynn unstacked a massive 126,116 Hyperliquid (HYPE) tokens, valued at around $4.12M, and dumped them all at $32.7. He snagged these HYPE tokens back on May 9 and May 12 at an average of $24.4, raking in a cool $1.05M in profit. But let's not forget, this is peanuts compared to the $99M he lost just last week. Talk about a wild ride!

Spot On Chain's on-chain analytics revealed that Wynn's journey to a near $100M loss started with a series of high-octane, highly leveraged positions that initially had him flying high.

From March 20 to May 23, Wynn racked up a staggering $83M in profit through a series of high-leverage trades. He went 10x long on Pepe (PEPE) with $23.8M in unrealized gains, 10x long on Trump (TRUMP) with $6.83M realized, and 5x long on Fartcoin (FARTCOIN) with $4.48M realized. On May 22, his biggest position—a $1.14B long on Bitcoin (BTC)—was up a whopping $39M.

But then, on May 24, Wynn upped the ante, doubling down on his BTC long to a mind-blowing $1.25B. Within hours, that trade tanked $13.4M. The very next day, May 25, he flipped to a $1B BTC short, which cost him a brutal $15.87M loss in just 15 hours.

On May 30, as BTC plummeted below $105K, Wynn got liquidated for 949 BTC, worth roughly $99.3M at the time. In just seven days, his net performance went from +$83M to a gut-wrenching -$12M.

But hold onto your hats, because Wynn isn't throwing in the towel. He's back with a vengeance, opening another long BTC position of 945 BTC ($99.7M) with insane 40x leverage. Starting with a margin of $2,177,955.53, his initial liquidation price was $104,577. And guess what? He just threw in another $400K as margin, bringing his new liquidation price to $104,151—less than 1% away from the current price. This guy's living on the edge!

After making this bold move, Wynn took to X, rallying his followers to buy Bitcoin and back him up. He's convinced that he and other retail traders with highly leveraged longs on the Hyperliquid platform are being targeted by crypto whales looking to liquidate them.

"The moment I entered my long, the insta hunted me. There's an agenda here and I don't know what it is. It can't be just my long. Maybe it's because I'm a fish playing a whale's game, or maybe it's because I'm bringing attention to Hyper Liquid," he declared.