Replace (July 12, 2025 23:17 UTC This text has been up to date so as to add extra info on the final identified state of James Wynn’s X profile.
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. Attempt trying to find one other.”
The dealer’s wallets present a mixed steadiness of simply $10,176, in response to balances displayed by Arkham Intelligence and Hypurrscan.
Cointelegraph reached out to Wynn for remark however was unable to get in contact with the dealer. Earlier than deleting the X account, Wynn modified his profile bio to at least one phrase: “broke.”
Crypto merchants saved an in depth eye on Wynn’s high-leverage and high-risk bets, which regularly went in opposition to market sentiment, inflicting the dealer to lose a whole lot of tens of millions of {dollars} within the course of.
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James Wynn misplaced enormous sums making high-risk bets
Wynn gained widespread notoriety among the many crypto neighborhood 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 under $105,000, wiping away 949 BTC from his account. Wynn wrote in a now-deleted submit shortly earlier than the liquidation:
“I don’t comply with correct threat administration, nor do I declare to be an expert; if something, I declare to be fortunate. I’m successfully playing, and I stand to lose all the pieces. I strongly advise individuals 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 neighborhood for donations to fund his account, and a minimum of 24 totally different addresses despatched cash to the dealer.
Instantly afterwards, Wynn introduced that he had liquidated 240 BTC, value about $25 million on the time, to “decrease the liquidation value” of the remaining BTC positions.
Regardless of the evasive maneuvers, Wynn was unable to maintain the big positions and misplaced nicely over 99% of the $100 million, drawing criticism from long-term traders, who used it for example as an instance the advantages of holding property slightly than partaking in high-risk short-term value hypothesis.
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