Famous crypto trader James Wynn suffered significant losses due to failed long positions on Ethereum ($ETH ), losing tens of millions of dollars. According to Hyperdash, in May 2025 he lost $3.69 million on ETH and $1.59 million on $SUI due to liquidation of positions with 40x leverage. His total losses for the week amounted to about $60 million, including $37 million on $BTC positions. In August, Wynn's ETH long of $12.12 million with 25x leverage was partially liquidated in 10 hours, leaving only 36.66 ETH ($151.9 thousand). The liquidation price was $4113.1.
The cryptocurrency market remains volatile: the price of ETH has dropped to 4200, intensifying pressure on long holders. Wynn, known for aggressive bets, cut expenses, reducing positions to $502 million after a series of failures. Analysts warn: high leverage in a volatile market threatens total capital loss. Wynn's actions sparked discussions in the crypto community, where he is accused of influencing market fluctuations.
The situation highlights the importance of risk management. Keep an eye on cryptocurrency market news and join #MiningUpdates
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