James Wynn, a crypto dealer recognized 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 keeping with balances displayed by Arkham Intelligence and Hypurrscan.
Crypto merchants saved an in depth eye on Wynn’s high-leverage and high-risk bets, which frequently went in opposition to market sentiment, inflicting the dealer to lose a whole bunch of hundreds of thousands 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 neighborhood for extremely leveraged crypto trades on the Hyperliquid platform.
In Might 2025, the dealer’s $100 million in long-BTC positions have been liquidated after the value of Bitcoin dipped beneath $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 every part. I strongly advise individuals in opposition to 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 have been being intentionally focused by market makers who have been trying to liquidate his bets.
He issued an enchantment 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 worth” 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 buyers, who used it for example as an example the advantages of holding belongings slightly than partaking in high-risk short-term worth hypothesis.
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