#TradingMistakes101 James Wynn, a well-known crypto trader, experienced a wild ride on Hyperliquid, turning $3 million into $100 million before losing it all within a week. He attributed his downfall to greed and public pressure, stating that his trades became emotional and reckless. Despite this massive loss, Wynn continues to promote trading platforms and meme coins.¹

*Key Events Leading to Liquidation:*

- *Initial Profit*: Wynn's account soared to $100 million, with unrealized profits reaching $85 million at one point.

- *High-Leverage Bets*: He took massive, high-leverage positions in Bitcoin (BTC), PEPE memecoins, and other tokens, drawing attention from crypto enthusiasts worldwide.

- *Downfall*: A colossal $1.25 billion long bet on Bitcoin collapsed as prices slid below $105,000, amid mounting geopolitical tensions, draining over $37 million including fees.

- *Liquidation*: Wynn's positions were liquidated for $16.14 million after Bitcoin's price dipped below his liquidation threshold, with 379 BTC lost on Hyperliquid using 40x leverage.² ³ ⁴