James Wynn, a trader who made headlines this month with his high-leverage, high-stakes bets on the Hyperliquid platform, has been completely liquidated.
According to data from HyperDash, Wynn’s account was left with a mere $23 after a tumultuous month of volatile trading.
Wynn built his reputation by placing massive, leveraged trades across major cryptocurrencies like Bitcoin (BTC), memecoins such as PEPE, and a variety of other tokens.
His downfall began with a colossal $1.25 billion long position on Bitcoin, which unraveled as BTC prices dipped below $105,000 amid rising geopolitical uncertainties. That single trade alone wiped out more than $37 million in losses, including fees.
In a brief attempt to recover, Wynn shifted focus to memecoins like PEPE, where an initial gain of over 10% quickly evaporated as market swings led to another liquidation.
Throughout the month, Wynn traded a diverse range of assets including Ethereum (ETH), SUI, TRUMP tokens, and even the obscure FARTCOIN. At one point, his unrealized gains soared as high as $85 million.
An account believed to be associated with Wynn responded on X, downplaying the losses: “I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game,” it wrote. “I took a large and calculated bet at making billions.”
