James Wynn, the trader famed for his audacious, leveraged bets on Hyperliquid, has hit rock bottom after being fully liquidated, leaving his account with just $23.
Wynn’s strategy revolved around massive, high-leverage positions in Bitcoin (BTC), PEPE memecoins, and a variety of other tokens, drawing the attention of crypto enthusiasts worldwide.
His downfall began with a colossal $1.25 billion long bet on Bitcoin that collapsed as prices slid below $105,000 amid mounting geopolitical tensions — a single trade that drained over $37 million including fees.
Not one to back down, Wynn shifted to riskier memecoins like PEPE, where early profits vanished as volatile swings forced yet another liquidation.
Throughout the month, Wynn’s portfolio spanned Ethereum (ETH), SUI, TRUMP tokens, and the infamous FARTCOIN. At his peak, his unrealized profits soared to $85 million.
Responding to the losses on X, an account linked to Wynn shrugged off the setbacks with a gambler’s spirit: “I’ll run it back, I always do. I enjoy playing the game. I took a large, calculated bet to make billions.”
