James Wynn made a profit of $85.29 million through contracts, but he has now given it all back. If he continues to lose, he will have to lose his principal.
It really is a case of earning and then giving it all back. His positions have gone through a huge rollercoaster in just half a month:
5/12-13, went long on TRUMP and FARTCOIN earning $11.67 million;
5/23, went long on ETH and SUI losing $5.29 million;
5/24, went long on BTC and PEPE earning $42.08 million;
5/25-27, went short on BTC and went long on PEPE losing $16.72 million;
5/28, the currently open long position on BTC has already lost $23.29 million.
His current position situation: 40x leverage long on 2,456 BTC, position value $267 million. Opening price $109,228, liquidation price $104,202.
Address👉: 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6