Crypto trader James Wynn was liquidated 22 times on S&P 500 perpetuals on Hyperliquid between May 13 and Aug 3, realizing roughly $73,100 in losses while his all-time Hyperliquid losses total $22.07 million according to Onchain Lens and Hypurrscan. Despite repeated wipeouts he still holds a 50x short of about $530,900 entered at 7,418.59 with a liquidation price of 7,548.37, an unrealized loss of ~$7,900 and account equity of $6,512 with 81.5% margin usage, underscoring acute liquidation risk on this CEX perpetuals trade as the S&P has rallied over 13% since his April call and sits 0.8% below his liquidation level, highlighting leverage, on-chain monitoring and security/market impact for crypto derivatives.

Bearish

Predictions Markets

See what traders are focused on

View analytics →

In Brief

James Wynn has been liquidated 22 times on his S&P 500 position.
He still holds a $530,900 short at 50x leverage despite $73,100 in losses.
The S&P 500 has gained over 13% since Wynn's April call to short US stocks.

Crypto trader James Wynn has been liquidated 22 times trading S&P 500 perpetuals on Hyperliquid, with realized losses on the asset reaching roughly $73,100, according to on-chain tracker Onchain Lens.

The latest liquidation hit on Monday, his fifth in just three days. Despite the repeated wipeouts, Wynn continues to hold a 70.50 SP500 short worth about $530,900 at 50x leverage.

James Wynn has now been liquidated 22 times on $SP500.His latest liquidation occurred 40 minutes ago.His realized losses on the asset have reached ~$73.1K.Despite the repeated liquidations, Wynn still holds a 70.50 $SP500 short worth ~$530.9K at 50x leverage.• Current… pic.twitter.com/2pBU7w5czK
— Onchain Lens (@OnchainLens) August 3, 2026

James Wynn Account Falls to $6,500 After S&P 500 Losses

Hypurrscan data shows that all 22 liquidations occurred between May 13 and August 3. The events wiped out roughly $1.29 million in notional value, including a single $437,500 liquidation on June 30.

His position sizes have shrunk as the account drains, from over 85 units in late June to 17.6 units in the latest event.

The current short was entered at 7,418.59 and is subject to liquidation at 7,548.37. It carries an unrealized loss of $7,900, while overall margin usage is 81.5%, leaving $0 available for withdrawal from an account worth just $6,512.

His broader record remains deeply negative. Wynn’s all-time loss on the platform is $22.07 million, with a 28% win rate across 67 trades.

James Wynn’s Hyperliquid Account Overview. Source: HyperCore

The S&P 500 Keeps Climbing Against Him

The equity shorts extend a bearish stance Wynn outlined in April, when he paired oil longs with bets against US indexes.

“It’s going to get a lot worse before getting better. Current trades: LONG: WTI (Oil) obviously. SHORT: S&P500 obviously. BIG SHORT: NASDAQ obviously,” he said.

The market has moved the other way. The market has moved the other way. The S&P 500 has gained over 13% since his call, closing Friday at 7,489.72. The index has notched 23 record highs in 2026, per Creative Planning strategist Charlie Bilello.

S&P 500 Index Performance. Source: TradingView

At 50x leverage, a move of under 2% against the position triggers liquidation. The index closed Friday just 0.8% below Wynn’s liquidation price, and its latest record high already sits above that level.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Read the article at BeInCrypto