James Wynn, a trader known for his aggressive bets on the Hyperliquid platform, faced liquidation after Bitcoin fell below $105,000. His total losses from the peak of his profits amounted to 949 BTC ($99.3 million).
James Wynn (@JamesWynnReal) just got liquidated for 949 $BTC($99.3M) as the price of $BTC dipped below $105,000.
He lost $99M+ in just one week!May 30, 2025
On May 22, the trader opened a long position of 10,200 BTC ($1.14 billion at the time) using 40x leverage on Hyperliquid.
At its peak, Wynn’s positive financial result reached ~$87 million from an initial investment of ~$3-4 million.
On May 26, he announced his departure from the “Hyperliquid casino” with a profit of $25 million. However, just hours after the “announcement,” he returned to active trading.
At the time of writing, the total losses of the “king of perpetual contracts,” as he calls himself, had increased to $13.62 million.
Wynn continues to hold a long position with 40x leverage since May 25. The opening price was $107,993. The position will be forcibly closed if the quotes fall below $104,533. The unrealized loss has reached $4.54 million.
Wynn admitted that the best decision in his position would have been simply to hold.
One thing for sure is that I have exposed just how corrupt these markets are.
Guess it’s better to just buy and hold $BTC on spot / cold storage it.
— James Wynn ? (@JamesWynnReal) May 30, 2025
“One thing is for sure: I have shown just how corrupt these markets are,” he lamented.
Recently, the trader urged the “platform managers” to give him a third chance and not liquidate him after the previous two attempts were unsuccessful.
A message to the cabal who run these markets. You tried two times to liquidate me, and failed. Please give me 3rd time lucky ?❤️ ?
— James Wynn ? (@JamesWynnReal) May 29, 2025
As reported in March, ForkLog examined a series of events where high-risk positions threatened not only the platform’s stability but also the safety of client funds in the Hyperliquidity Provider Vault.