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James Wynn, a cryptocurrency trader recognized for making substantial leveraged wagers, has shut down his X account after experiencing astonishing nine-figure losses.
Key Takeaways:
- James Wynn removed his X account after incurring nine-figure losses due to perilous, high-leverage crypto trading.
- His Bitcoin positions on Hyperliquid faced multiple liquidations, nearly depleting all his assets.
- Wynn’s significant decline serves as a cautionary tale against reckless speculation in unstable markets.
His previous username, “JamesWynnReal,” now redirects to a message indicating, “This account doesn’t exist. Try searching for another.”
As per blockchain data compiled by Arkham Intelligence and Hypurrscan, Wynn’s wallets currently contain just over $10,000, a stark decrease from his earlier holdings.
James Wynn Changes Bio to ‘Broke’ Before Deleting Account
Before deactivating his account, Wynn modified his profile bio to a single term: “broke.”
Wynn gained infamy within crypto communities for regularly undertaking high-risk, high-leverage positions that frequently contradicted market trends. His bold trading approach resulted in losses amounting to hundreds of millions.
He garnered notable attention for his actions on the Hyperliquid platform, where he placed some of his largest wagers.
In May 2025, Wynn’s $100 million long position on Bitcoin was liquidated after the price fell below $105,000.
This wipeout led to the loss of 949 BTC from his assets. Just prior to this collapse, Wynn openly acknowledged that his strategy resembled gambling rather than disciplined trading, cautioning others not to emulate his perilous tactics.
Despite this setback, Wynn initiated another $100 million Bitcoin position just days later.
He asserted that his positions were being targeted by market makers attempting to force his liquidation.
In an unusual appeal, Wynn solicited donations from the crypto community to replenish his account, receiving contributions from at least 24 addresses.
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Shortly thereafter, Wynn liquidated 240 BTC, valued at approximately $25 million at the time, in an effort to mitigate his liquidation risk.
He made $100,000,000 in unrealized profit.
Lost everything.
Begged for donations to avoid liquidation.
Today his account got suspended.
The downfall of James Wynn
(1/9) pic.twitter.com/lMFKIiuc1V— StarPlatinum (@StarPlatinumSOL) July 12, 2025
Nonetheless, his attempts were unsuccessful in preserving the remaining positions, which depreciated by over 99% in value.
Wynn’s fall has ignited discussions among crypto investors, with many highlighting his losses as a warning sign.
Wynn initially gained recognition by transforming a $7,000 stake in PEPE into $25 million.
In March, Wynn commenced trading perpetual futures for the first time and swiftly escalated a $3 million position to $100 million through aggressive high-leverage strategies.
Hyperliquid Hits $248 Billion Monthly Volume
In May, Hyperliquid experienced a remarkable surge to $248 billion in trading volume, reflecting a 51.5% increase from April’s $187.5 billion.
The growth coincided with heightened market activity during the “James Wynn” trading frenzy.
Year-over-year, Hyperliquid’s volume skyrocketed by 843%, rising from $26.3 billion last May to this year’s unprecedented figure.
The platform merges a centralized exchange (CEX)-level user experience with non-custodial onchain infrastructure, appealing to traders seeking both performance and crypto-native operations.
Hyperliquid’s expanding presence is evident in its increasing market share compared to Binance, the industry leader.
In May, Hyperliquid represented 10.54% of Binance’s perpetual futures volume, up from 9.76% in April, indicating a shift in dominance within the industry.
Decentralized exchange (DEX) perpetual futures also witnessed growth, capturing 6.84% of global perp flows in May, an increase from under 2% in 2022.
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