James Wynn’s Liquidation Streak: Crypto Whale Loses $25M – Market Manipulation or Misstep?
James Wynn, a prominent figure in the crypto world known for his high-leverage trades, has recently faced significant liquidations, drawing widespread attention. Particularly on the Hyperliquid platform, his 40x leveraged Bitcoin positions have resulted in substantial losses.
📉 Recent Liquidation: $25 Million Loss
On June 4, 2025, Wynn's 240 BTC position was liquidated, leading to a loss of approximately $25 million. Despite manually closing part of his position to lower the liquidation price, his efforts were insufficient. Currently, he holds a position of 770 BTC (around $80.5 million) with a liquidation price set at $104,035. This position also carries an unrealized loss of about $1 million.
🔁 Previous Losses and Controversies
Wynn's earlier trades also ended in significant losses. At the end of May, a $1.25 billion long position resulted in a $37 million loss. Subsequently, a $110 million short position led to an additional $15.87 million loss. These trades cumulatively caused a $28 million deficit.
Following these substantial losses, Wynn alleged market manipulation, claiming that his liquidation levels were deliberately targeted. These assertions resonated within the crypto community, with some investors reportedly profiting by trading against his positions.
📊 Community Reactions and Ongoing Trades
In the wake of his losses, Wynn remained active in the market. Leveraging available capital, he opened a new $100 million long position, which helped reduce his liquidation price to $103,610.
🧠 Conclusion: A Fine Line Between Risk and Manipulation
James Wynn's experiences highlight the inherent risks of high-leverage trading and the potential impact of market manipulation. While his transparency in sharing losses has been appreciated by some, his continued engagement in high-leverage trades has drawn criticism.