James Wynn, a well-known pseudonymous crypto trader, has stunned the community with a shocking confession that he lost $100 million in just a few days after a string of high-risk trades on Hyperliquid.
Wynn gained fame for turning small meme coin bets into millions, especially after flipping $7,000 in PEPE into over $25 million. But his recent experience with leveraged trading on Hyperliquid ended in disaster.
In a heartfelt post on X, Wynn revealed he began trading perpetual futures in March without any prior experience. “I had never really traded before, just played with meme coins,” he said.
Even so, Wynn managed to take his $3 million and turn it into $100 million by using a lot of leverage on Hyperliquid. He became famous very quickly, but his career ended just as fast. He said the fame and attention he got online led him to take more risks. “I got greedy. I wasn’t taking the numbers seriously,” Wynn wrote.
By mid-May, he had placed a massive $1.25 billion long position on Bitcoin, using up to 40x leverage on Hyperliquid. But when Donald Trump posted a tweet threatening tariffs on the EU, markets turned, and Bitcoin dropped below Wynn’s liquidation level. His entire position was wiped out.
The story of Wynn has led to many people talking about it online. While some regard him as a trading legend, others think he is a sign of what not to do. Because he is so open, he has become a notable figure, but also a warning about the risks involved in crypto trading.
The story of James Wynn on Hyperliquid teaches that in crypto, things can go very well or very wrong in no time.
