Ethereum Traders Face Losses as James Wynn Cuts Expenses

Multi-million dollar liquidations forced traders to cut back on spending.

The decline in Ethereum’s price from August 19 to 20 to around $4,000 resulted in significant liquidations of long positions for several traders, as noted by analysts at Lookonchain.

This legendary trader went long on $ETH again but was liquidated in the market crash, losing $6.22M.

Starting with just $125K, he grew his accounts to $6.99M(peaking $43M+).

Now only $771K remains—4 months of gains nearly wiped out in just 2 days.https://t.co/aHuSEEQVhx pic.twitter.com/byQrsQGnOs

— Lookonchain (@lookonchain) August 20, 2025

One affected user turned an initial investment of $125,000 into over $43 million at its peak over four months, and recorded nearly $7 million in profits on August 18. However, due to the market crash, his long position on the Hyperliquid exchange was liquidated, resulting in losses of $6.22 million.

At the time of the tweet, only $771,000 remained in his account—four months of growth erased in just two days.

The long Ethereum position of well-known trader James Wynn with leverage was also partially liquidated. He retained one long worth $300,000, valid until Ethereum’s price falls below $4,113.

In just 10 hours, James Wynn(@JamesWynnReal)’s $ETH long was partially liquidated, leaving him with a long position of 71.6 $ETH($300K).

New liquidation price: $4,113.1https://t.co/g1Ii9Md7Zs pic.twitter.com/AvgpRhJ15W

— Lookonchain (@lookonchain) August 19, 2025

Wynn wrote on X that he had invested all his stablecoins, and if the altcoin season does not occur, he and his wife would have to “drastically cut” living expenses.

Full disclosure. This is an IMPORTANT MESSAGE.🚨

I’m all-in, excluding IRL assets, offshore trusts etc..

I have ZERO stables left to buy the dip, ZERO in the bank. (fk the banks) I have told the wife…

IF, BIG *IF* i’am wrong on this, and alt season doesn’t happen then we…

— James Wynn (@JamesWynnReal) August 20, 2025

According to Lookonchain, panic led three major Ethereum holders to sell assets totaling $147 million.

Whales are panic-selling $ETH as the market plummets!

0x1D8d deposited 17,972 $ETH($77.4M) to #Coinbase an hour ago.

0x5A8E deposited 13,521 $ETH($57.72M) to #Binance in the past 12 minutes.

0x3684 deposited 3,003 $ETH($12.89M) to #Binance 20 minutes ago.… pic.twitter.com/oxKPQsl9Nv

— Lookonchain (@lookonchain) August 19, 2025

However, other traders remained more composed. One such user earned over $48 million in the past four months by opening long positions on 15 tokens on the Hyperliquid exchange.

Meet 0x15b3, a smart trader who has profited $48M+ over the past four months.

Since April, he’s been long on 15 tokens on #Hyperliquid, including $ETH, $XRP, $SOL, and $LINK, for a total profit of over $38M.

He also bought 309 $WBTC($24.68M) at $79,778 avg in April and sold 199… pic.twitter.com/sWu950HQem

— Lookonchain (@lookonchain) August 20, 2025

Previously, ForkLog reported that Bitcoin and Ethereum corrected ahead of a speech by the head of the Fed. Spot exchange-traded funds based on the two largest cryptocurrencies by market capitalization lost about $1 billion on August 19.

The prospects for Ethereum were discussed by the creator’s father, Dmitry Buterin, in the “Podcast Society.”