James Wynn opened a $DOGE long at $0.21298 with 10x leverage, carrying a liquidation price of $0.20989.
Wynn lost over $22 million since May through repeated liquidations, including a 40x Bitcoin long worth nearly $20 million.
Coinalyze data shows DOGE longs dominate 79–80% across timeframes, with the long-to-short ratio peaking at 4.04 daily.
High leverage crypto trader James Wynn is once again in focus after placing another risky bet on Dogecoin. Data shows he opened a $DOGE long with 10x leverage at an entry of $0.21298, carrying a liquidation level of $0.20989.
This comes just days after he reported collecting $23,117 in referral rewards, only to see that amount reduced to less than $6,000 in one week. His aggressive trading approach continues to generate both attention and controversy, as Wynn’s portfolio swings highlight the volatility of his strategies.
A Record of Heavy Liquidations
On August 26, Wynn went long on Pepe, Ethereum, and Dogecoin after securing referral rewards, according to Lookonchain. However, he suffered another wave of liquidations, cutting his balance to $5,952 and wiping away $17,165 in one week.
A few days earlier, records showed him holding a 25x Ethereum long worth $139,215 with over $14,000 in temporary gains. At the same time, he was managing a 10x Dogecoin position exceeding $200,000.
Despite these short lived profits, Wynn’s broader history shows steep losses. Since May, he has lost more than $22 million from a single wallet through repeated liquidations. His most notable trade was a 40x Bitcoin long valued near $20 million, which briefly showed $100 million in unrealized profits before total liquidation erased the position.
Funding High Risk Bets Through Deposits and Rewards
Wynn has sustained his activity using both stablecoin deposits and referral incentives from the trading platform Hyperliquid. Between June and July, he deposited more than $1.3 million into the platform but faced nine consecutive liquidations.
Even after moving to a new account, the outcome repeated, with deposits eventually lost through leveraged bets. His latest referral reward of $23,000, received only last week, has already dwindled to less than $6,000.
These repeated setbacks have not slowed his activity. He continues placing leveraged trades that quickly draw attention across social media, often fueling strong debate within trading communities.
Dogecoin Positions and Market Sentiment
While Wynn battles liquidations, wider market data shows a clear change toward bullish positioning in Dogecoin. According to Coinalyze, long positions dominate across all timeframes, consistently ranging between 79% and 80%. Short positions remain near 20%, with the long-to-short ratio peaking at 4.04 on the daily scale.
DOGE Long/Short Outlook, Source: Coinalyze
This persistent long bias suggests strong confidence among traders in Dogecoin’s upward momentum. However, Wynn’s repeated losses show how leverage can quickly erase even favorable market setups when trades turn against him.
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