Crypto Trader James Wynn Loses $100M on Hyperliquid Leverage Bet
- Wynn revealed that he took more risks after he got fame and attention.
- He also admitted that he got greedy, and he wasn’t taking the numbers seriously.
A prominent pseudonymous crypto trader, James Wynn, has amazed the crypto community after revealing that he lost $100 million in a few days of a string of high-risk trades on Hyperliquid.
Wynn grabbed the attention of the community after making meme coin bets into millions, mainly after turning $7,000 in PEPE into more than $25 million. However, his recent bet with leveraged trading on Hyperliquid didn’t turn out positively.
Despite this, he somehow took his $3 million and turned it into $100 million by using many leverage on Hyperliquid. As quickly as he climbed to the heights of success, he fell just as quickly.
Wynn revealed that he took more risks after he got fame and attention. He also admitted that he got greedy, and he wasn’t taking the numbers seriously. In May, he invested around $1.25 billion long position on Bitcoin, leveraging 40x on Hyperliquid.
An Example To The Industry
Recently, after Donald Trump’s tweet threatening tariffs on the European Union, the market dropped, and Bitcoin slipped below Wynn’s liquidation level, and its overall position was swept away.
His story has ignited talks in the town. Some people believe that he is a trading legend, while others think that he is an example of not doing such things. As he is very open, he has become a prominent figure, but also comes with a warning regarding the risks associated with it.
At the time of writing, Bitcoin is trading at $103,786 and is 0.96% low in the past 24 hours. The market capitalization is at $2.06 trillion. Trading volume (24h) is 42.27 up and is hovering at $62.9 billion.
This week started with $105k, and since then, it has been slipping gradually. However, the community sentiment is still bullish, having 82% of traders expecting short-term gains. The Exponential Moving Average of 10 days, 50 days, and 200 days is at $104,812, $100,965, and $91,472, respectively.
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Crypto Trader James Wynn Loses $100M on Hyperliquid Leverage Bet
- Wynn revealed that he took more risks after he got fame and attention.
- He also admitted that he got greedy, and he wasn’t taking the numbers seriously.
A prominent pseudonymous crypto trader, James Wynn, has amazed the crypto community after revealing that he lost $100 million in a few days of a string of high-risk trades on Hyperliquid.
Wynn grabbed the attention of the community after making meme coin bets into millions, mainly after turning $7,000 in PEPE into more than $25 million. However, his recent bet with leveraged trading on Hyperliquid didn’t turn out positively.
Despite this, he somehow took his $3 million and turned it into $100 million by using many leverage on Hyperliquid. As quickly as he climbed to the heights of success, he fell just as quickly.
Wynn revealed that he took more risks after he got fame and attention. He also admitted that he got greedy, and he wasn’t taking the numbers seriously. In May, he invested around $1.25 billion long position on Bitcoin, leveraging 40x on Hyperliquid.
An Example To The Industry
Recently, after Donald Trump’s tweet threatening tariffs on the European Union, the market dropped, and Bitcoin slipped below Wynn’s liquidation level, and its overall position was swept away.
His story has ignited talks in the town. Some people believe that he is a trading legend, while others think that he is an example of not doing such things. As he is very open, he has become a prominent figure, but also comes with a warning regarding the risks associated with it.
At the time of writing, Bitcoin is trading at $103,786 and is 0.96% low in the past 24 hours. The market capitalization is at $2.06 trillion. Trading volume (24h) is 42.27 up and is hovering at $62.9 billion.
This week started with $105k, and since then, it has been slipping gradually. However, the community sentiment is still bullish, having 82% of traders expecting short-term gains. The Exponential Moving Average of 10 days, 50 days, and 200 days is at $104,812, $100,965, and $91,472, respectively.
Highlighted Crypto News Today:
Read More