Replace (July 12, 2025 23:17 UTC This text has been up to date so as to add extra data on the final recognized state of James Wynn’s X profile.
James Wynn, a crypto dealer recognized for his high-leverage crypto bets, seems to have deactivated his X social media account, following nine-digit losses.
Wynn’s X deal with “JamesWynnReal” now routes to a web page that claims “This account doesn’t exist. Strive looking for one other.”
The dealer’s wallets present a mixed steadiness of simply $10,176, based on balances displayed by Arkham Intelligence and Hypurrscan.
Cointelegraph reached out to Wynn for remark however was unable to get in contact with the dealer. Earlier than deleting the X account, Wynn modified his profile bio to at least one phrase: “broke.”
Crypto merchants stored an in depth eye on Wynn’s high-leverage and high-risk bets, which frequently went in opposition to market sentiment, inflicting the dealer to lose a whole bunch of hundreds of thousands of {dollars} within the course of.
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James Wynn misplaced big sums making high-risk bets
Wynn gained widespread notoriety among the many crypto group for extremely leveraged crypto trades on the Hyperliquid platform.
In Might 2025, the dealer’s $100 million in long-BTC positions had been liquidated after the worth of Bitcoin dipped under $105,000, wiping away 949 BTC from his account. Wynn wrote in a now-deleted submit shortly earlier than the liquidation:
“I don’t observe correct danger administration, nor do I declare to be an expert; if something, I declare to be fortunate. I’m successfully playing, and I stand to lose all the pieces. I strongly advise folks in opposition to what I’m doing.”
Wynn opened up one other $100 million Bitcoin guess days after the implosion of the long-BTC positions taken in Might.
The high-leverage Hyperliquid dealer claimed that his positions had been being intentionally focused by market makers who had been trying to liquidate his bets.
He issued an enchantment to the crypto group for donations to fund his account, and a minimum of 24 completely different addresses despatched cash to the dealer.
Instantly afterwards, Wynn introduced that he had liquidated 240 BTC, price about $25 million on the time, to “decrease the liquidation value” of the remaining BTC positions.
Regardless of the evasive maneuvers, Wynn was unable to maintain the big positions and misplaced nicely over 99% of the $100 million, drawing criticism from long-term buyers, who used it for instance as an example the advantages of holding belongings reasonably than partaking in high-risk short-term value hypothesis.
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