James Wynn, a crypto dealer identified for his high-leverage crypto bets, seems to have deactivated his X social media account, following nine-digit losses.
Wynn’s X deal with “JamesWynnReal” now routes to a web page that claims “This account doesn’t exist. Strive trying to find one other.”
The dealer’s wallets present a mixed stability of simply $10,176, in response to balances displayed by Arkham Intelligence and Hypurrscan.
Crypto merchants saved a detailed eye on Wynn’s high-leverage and high-risk bets, which frequently went towards market sentiment, inflicting the dealer to lose a whole bunch of thousands and thousands of {dollars} within the course of.
Associated: Thriller whale opens $300M leveraged Bitcoin guess: James Wynn alt account?
James Wynn misplaced big sums making high-risk bets
Wynn gained widespread notoriety among the many crypto group for extremely leveraged crypto trades on the Hyperliquid platform.
In Might 2025, the dealer’s $100 million in long-BTC positions had been liquidated after the worth of Bitcoin dipped beneath $105,000, wiping away 949 BTC from his account. Wynn wrote in a now-deleted put up shortly earlier than the liquidation:
“I don’t comply with correct threat administration, nor do I declare to be knowledgeable; if something, I declare to be fortunate. I’m successfully playing, and I stand to lose every little thing. I strongly advise individuals towards what I’m doing.”
Wynn opened up one other $100 million Bitcoin guess days after the implosion of the long-BTC positions taken in Might.
The high-leverage Hyperliquid dealer claimed that his positions had been being intentionally focused by market makers who had been trying to liquidate his bets.
He issued an enchantment to the crypto group for donations to fund his account, and at the very least 24 totally different addresses despatched cash to the dealer.
Instantly afterwards, Wynn introduced that he had liquidated 240 BTC, price about $25 million on the time, to “decrease the liquidation worth” of the remaining BTC positions.
Regardless of the evasive maneuvers, Wynn was unable to maintain the massive positions and misplaced effectively over 99% of the $100 million, drawing criticism from long-term traders, who used it for example as an instance the advantages of holding belongings reasonably than participating in high-risk short-term worth hypothesis.
Journal: Excessive conviction that ETH will surge 160%, SOL’s sentiment alternative: Commerce Secrets and techniques
