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 looking for one other.”
The dealer’s wallets present a mixed steadiness of simply $10,176, based on 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 in opposition to market sentiment, inflicting the dealer to lose lots of of tens of millions of {dollars} within the course of.
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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 value of Bitcoin dipped beneath $105,000, wiping away 949 BTC from his account. Wynn wrote in a now-deleted publish shortly earlier than the liquidation:
“I don’t observe 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 folks in opposition to what I’m doing.”
Wynn opened up one other $100 million Bitcoin wager 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 making an attempt to liquidate his bets.
He issued an attraction to the crypto group for donations to fund his account, and a minimum of 24 completely 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 big positions and misplaced effectively over 99% of the $100 million, drawing criticism from long-term traders, who used it for instance for instance the advantages of holding belongings fairly than partaking in high-risk short-term worth hypothesis.
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