James Wynn, the famous cryptocurrency trader, experienced sharp fluctuations on the Hyperliquid platform, turning $3 million into $100 million before losing it all within a week. He attributed his downfall to greed and public pressure, noting that his trades had become emotional and reckless. Despite this massive loss, Wynn continues to promote trading platforms and meme coins.¹

*Key events that led to the liquidation:*

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

- *High-leverage bets*: Wynn took on massive and highly leveraged positions in Bitcoin (BTC), PEPE memecoins, and other tokens, attracting the attention of cryptocurrency enthusiasts worldwide.

- *The collapse*: A massive $1.25 billion bet on Bitcoin collapsed as prices fell below $105,000 amid rising geopolitical tensions, resulting in a loss of over $37 million including fees.

- *Liquidation*: Wynn's positions were liquidated for $16.14 million after the price of Bitcoin fell below the liquidation threshold, resulting in a loss of 379 Bitcoin on the Hyperliquid platform using 40x leverage.

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