Crypto Trader James Wynn Loses 99% of Holdings After Liquidations

James Wynn, a prominent crypto trader known for his high-risk, high-leverage trading strategies, has deactivated his X account following significant losses. His former handle, “JamesWynnReal,” now displays a message stating, “This account doesn’t exist. Try searching for another.”

Wynn’s dramatic downfall began with his Bitcoin positions on the Hyperliquid platform being liquidated multiple times, resulting in the loss of nearly all his holdings. According to blockchain data, Wynn’s wallets currently hold just over $10,000, a stark contrast to his previous positions.

Prior to deleting his account, Wynn updated his profile bio to a single word: “broke.” His aggressive trading style, which often involved taking positions that ran counter to market trends, led to losses totaling hundreds of millions. Wynn’s approach to trading was widely recognized within crypto circles, and he gained particular attention for his activity on the Hyperliquid platform, where he placed some of his biggest bets.

In May 2025, Wynn’s $100 million long position on Bitcoin was liquidated after the price slipped below $105,000. This wipeout resulted in the loss of 949 BTC from his holdings. Just before this collapse, Wynn admitted publicly that his approach resembled gambling more than disciplined trading, warning others not to follow his risky strategy. Despite this setback, Wynn opened another $100 million Bitcoin position days later, claiming his positions were under attack by market makers aiming to trigger his liquidation.

In a rare plea, Wynn requested donations from the crypto community to bolster his account, receiving funds from at least 24 addresses. Shortly after, Wynn liquidated 240 BTC, valued at around $25 million then, in an attempt to reduce his liquidation risk. Nevertheless, his efforts failed to save the remaining positions, which lost over 99% of their value.

Wynn’s downfall has sparked debate among crypto investors, with many pointing to his losses as a cautionary tale. Wynn first rose to prominence by turning a $7,000 position in PEPE into $25 million. In March, Wynn began trading perpetual futures for the first time and quickly transformed a $3 million position into $100 million through aggressive high-leverage plays.

Wynn’s dramatic downfall serves as a warning against aggressive speculation in volatile markets. His story highlights the risks associated with high-leverage trading and the importance of disciplined trading strategies. The crypto community has taken note of Wynn’s losses, using them as a reminder of the potential dangers of high-risk trading.