James Wynn, the crypto trader whose daring, leveraged on-chain bets recently grabbed headlines, has faced a hard fall. After a tumultuous month filled with high-stakes trades, Wynn has been completely wiped out, leaving only $23 in his account. According to data from HyperDash, Wynn’s reputation was built on placing massive leveraged trades across assets like Bitcoin, PEPE, and various tokens.
His downfall started with a colossal $1.25 billion long position on Bitcoin, which unraveled as prices slipped below $105,000 amid escalating geopolitical tensions. This single trade cost him over $37 million after fees. Seeking recovery, Wynn briefly shifted focus to memecoins such as PEPE, where an initial long position gained more than 10%, only to be liquidated by market swings shortly after.
Throughout the month, Wynn cycled through a variety of assets, including Ethereum, SUI, TRUMP, and even FARTCOIN. At one point, his trades showed an unrealized gain of $85 million—highlighting both his boldness and the extreme risks he embraced.
Despite the losses, Wynn remains confident. An account linked to him on X (formerly Twitter) dismissed the setbacks, stating, “I’ll run it back, I always do. And I enjoy doing it. I like playing the game. I took a large and calculated bet at making billions.” Wynn’s approach exemplifies the high-risk, high-reward nature of crypto trading, especially when leverage is involved.
This dramatic collapse underscores the volatile world of crypto trading, where even the most daring traders can face swift and total liquidation. Wynn’s story serves as a stark reminder of the importance of risk management in the fast-paced, often unpredictable landscape of digital assets.
