High-risk trader James Wynn lost hundreds of millions of dollars in a matter of weeks by speculating on short-term price movements.
Update (July 12, 2025 23:17 UTC This article has been updated to add more information on the last known state of James Wynn’s X profile.
James Wynn, a crypto trader known for his high-leverage crypto bets, appears to have deactivated his X social media account, following nine-digit losses.
Wynn’s X handle “JamesWynnReal” now routes to a page that says “This account doesn’t exist. Try searching for another.”
The trader’s wallets show a combined balance of just $10,176, according to balances displayed by Arkham Intelligence and Hypurrscan.
Cointelegraph reached out to Wynn for comment but was unable to get in touch with the trader. Before deleting the X account, Wynn changed his profile bio to one word: “broke.”
Crypto traders kept a close eye on Wynn’s high-leverage and high-risk bets, which often went against market sentiment, causing the trader to lose hundreds of millions of dollars in the process.
Related: Mystery whale opens $300M leveraged Bitcoin bet: James Wynn alt account?
James Wynn lost huge sums making high-risk bets
Wynn gained widespread notoriety among the crypto community for highly leveraged crypto trades on the Hyperliquid platform.
In May 2025, the trader’s $100 million in long-BTC positions were liquidated after the price of Bitcoin dipped below $105,000, wiping away 949 BTC from his account. Wynn wrote in a now-deleted post shortly before the liquidation:
“I do not follow proper risk management, nor do I claim to be a professional; if anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything. I strongly advise people against what I’m doing.”
Wynn opened up another $100 million Bitcoin bet days after the implosion of the long-BTC positions taken in May.
The high-leverage Hyperliquid trader claimed that his positions were being deliberately targeted by market makers who were attempting to liquidate his bets.
He issued an appeal to the crypto community for donations to fund his account, and at least 24 different addresses sent money to the trader.
Immediately afterwards, Wynn announced that he had liquidated 240 BTC, worth about $25 million at the time, to “lower the liquidation price” of the remaining BTC positions.
Despite the evasive maneuvers, Wynn was unable to keep the large positions and lost well over 99% of the $100 million, drawing criticism from long-term investors, who used it as an example to illustrate the benefits of holding assets rather than engaging in high-risk short-term price speculation.
Magazine: High conviction that ETH will surge 160%, SOL’s sentiment opportunity: Trade Secrets
