James Wynn is a legendary figure in the cryptocurrency trading circle, known for his massive trades and high-risk operations, referred to as a 'whale.' As a 'cryptocurrency whale' known for huge positions and high-risk trading, James has become a highly controversial figure—both a symbol of awe-inspiring success and a typical case of risk warning.
On May 30, 2025, Arkham released a major news announcement on platform X: Wynn was liquidated for $100 million on the Hyperliquid platform!
From grassroots to whale
James entered the cryptocurrency market in 2022, initially supported by Alameda Research. He started with $3 million to $4 million, made his first pot of gold by trading meme coins like PEPE, turning $7,000 into $25 million. By 2025, he shifted to high-leverage contract trading, operating positions worth several hundred million dollars on the Hyperliquid platform and becoming a market focus.
High-risk leveraged trading
James often uses 40x leverage to leverage a $25 million position into a $1 billion trade. On May 24, 2025, his funds on Hyperliquid amounted to $55.8 million, but the position was worth $1.25 billion, with a leverage ratio of 22x. On May 28, he lost $80 million in profits but responded on X: 'Is $80 million considered massive wealth? Can't even buy a yacht. Fluctuations like 40x leverage are normal. You all take care of yourselves.' He sees this as part of the game, showcasing an extremely strong mentality.
Controversy and Influence
James's operations have sparked heated discussions. Some admire his abilities: 'Don't mock traders who can handle large funds; they are far superior to retail investors.' Others feel that he has a 'good mentality and deserves to get rich.'
James Wynn's story is a microcosm of the cryptocurrency market—high risks can lead to high rewards, but they can also wipe out everything overnight. His $100 million liquidation is not only a personal lesson but also serves as a wake-up call for all traders: in a highly volatile market, cautious risk management is the way to survive.
