James Wynn, Hyperliquid Whale, Loses $25 Million in Partial Liquidation

The self-proclaimed “king of perpetual futures,” James Wynn, faced partial liquidation, resulting in a loss of 240 BTC (~$25 million).

James Wynn(@JamesWynnReal) just got liquidated for 240 $BTC($25.16M).

He also manually closed part of his position to lower the liquidation price.

He still holds 770 $BTC($80.5M), with a liquidation price of $104,035.https://t.co/FX6sISWuDP pic.twitter.com/ZrroIyP9LZ

— Lookonchain (@lookonchain) June 4, 2025

According to Lookonchain, the trader also manually closed part of his position to reduce the liquidation price.

Data from Hypurrscan shows that the open position exceeds 776 BTC (~$81 million).

Shortly before the partial liquidation, Wynn made a desperate appeal to the community for a “rescue purchase” of cryptocurrency.

BUY $BTC SAVE ME!

— James Wynn (@JamesWynnReal) June 4, 2025

The entry price for the long position was $106,066. With the current Bitcoin rate around $104,480, the unrealized loss exceeds $1.2 million. The position will be liquidated if the price of the leading cryptocurrency falls to $103,950. 

Wynn’s connection to Hyperliquid remains unclear. Wintermute founder Evgeny Gaevoy suggested that he might have acted as a “paid actor” to draw attention to the platform. 

Back in June, the current 40x leveraged long was opened on June 3. Amid the rise in digital gold prices, Wynn increased the position from $100 million to $140 million. 

This occurred just days after the liquidation of a similar trade following Bitcoin’s drop below $105,000.