James Wynn loses $55M after high-leverage bet
Hyperliquid's most well-known whale, self-described "high-risk leverage trader" James Wynn, is experiencing a massive loss after abandoning his substantial Bitcoin exposure following a harsh seven-day drawdown, according to data.
At 16:00 UTC on Tuesday, Wynn closed parts of a 40× leveraged long position, leaving a $200 million BTC-perp position with an unrealized loss of approximately $800,000.
Between May 5 and May 23, Wynn's cumulative profit skyrocketed from $5.7 million to $87 million, before plummeting to $1.91 million today—a $55.3 million swing over one week.
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