James Wynn, a well-known anonymous trader for turning memecoin investments into millions of dollars, has just revealed that he lost 100 million dollars in just a few days after a series of risky leveraged trades on the Hyperliquid platform.

Wynn, who previously drew attention by turning a $7,000 investment in the memecoin PEPE into over $25 million, shared his story on Friday on social media X.

In a candid post, he stated that he started trading perpetual futures in March, despite having no prior experience with derivatives.

"I started trading derivatives in March and had never done so before, actually I had never traded seriously. I had only ever traded memecoins," he wrote.

From memecoin to millions of dollars, then into chaos

The initial lack of experience did not hinder Wynn — at least not in the early stages. Within just a month, Wynn turned a $3 million position into $100 million through a series of trades using high leverage.

All of his success can be tracked on-chain, quickly attracting attention. His social media following skyrocketed as traders tried to mimic or follow his positions.

However, this newfound fame became a double-edged sword. Wynn admitted that the pressure of being in the spotlight distorted his judgment.

"With all this new attention, my trading activity got out of control. I was really gambling. I became greedy. I no longer took the numbers on the screen seriously."

Transparency has turned James Wynn from a star into a typical warning

In mid-May, Wynn built a $1.25 billion long position in Bitcoin, making a big bet with an average entry price of about $108,243.

This position was taken with leverage of up to 40 times, meaning even the slightest mistake could have serious consequences. When U.S. President Donald Trump tweeted a threat to impose tariffs on the European Union, global markets reacted strongly. The price of Bitcoin dropped below Wynn's liquidation level, wiping out almost his entire position in a chain of losses.

This dizzying turnaround has shocked many in the crypto community and made Wynn a controversial figure. Some praise him as a modern trading icon, while others accuse him of reckless gambling or even market manipulation.



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