James Wynn, a crypto trader known for placing massive leveraged bets, has deactivated his X account following staggering nine-figure losses.
Key Takeaways:
- James Wynn deleted his X account after suffering nine-figure losses from risky, high-leverage crypto trades.
- His Bitcoin positions on Hyperliquid were liquidated multiple times, wiping out nearly all his holdings.
- Wynn’s dramatic downfall serves as a warning against aggressive speculation in volatile markets.
His former handle, “JamesWynnReal,” now leads to a message stating, “This account doesn’t exist. Try searching for another.”
According to blockchain data aggregated by Arkham Intelligence and Hypurrscan, Wynn’s wallets currently hold just over $10,000, a dramatic fall from his previous positions.
James Wynn Changes Bio to ‘Broke’ Before Deleting Account
Prior to deleting his account, Wynn updated his profile bio to a single word: “broke.”
Wynn earned notoriety within crypto circles for consistently taking high-risk, high-leverage positions that often ran counter to market trends. His aggressive trading style led to losses totaling hundreds of millions.
He gained particular attention for his activity on the Hyperliquid platform, where he placed some of his biggest bets.
In May 2025, Wynn’s $100 million long position on Bitcoin was liquidated after the price slipped below $105,000.
The wipeout resulted in the loss of 949 BTC from his holdings. Just before this collapse, Wynn admitted publicly that his approach resembled gambling more than disciplined trading, warning others not to follow his risky strategy.
Despite this setback, Wynn opened another $100 million Bitcoin position days later.
He claimed his positions were under attack by market makers aiming to trigger his liquidation.
In a rare plea, Wynn requested donations from the crypto community to bolster his account, receiving funds from at least 24 addresses.
Shortly after, Wynn liquidated 240 BTC, valued at around $25 million then, in an attempt to reduce his liquidation risk.
Nevertheless, his efforts failed to save the remaining positions, which lost over 99% of their value.
Wynn’s downfall has sparked debate among crypto investors, with many pointing to his losses as a cautionary tale.
Wynn first rose to prominence by turning a $7,000 position in PEPE into $25 million.
In March, Wynn began trading perpetual futures for the first time and quickly transformed a $3 million position into $100 million through aggressive high-leverage plays.
Hyperliquid Hits $248 Billion Monthly Volume
In May, Hyperliquid surged to a record $248 billion in trading volume, marking a 51.5% increase from April’s $187.5 billion.
The growth came amid heightened market activity during the “James Wynn” trading frenzy.
Year-over-year, Hyperliquid’s volume soared by 843%, jumping from $26.3 billion last May to this year’s record-breaking figure.
The platform combines centralized exchange (CEX)-level user experience with non-custodial onchain infrastructure, attracting traders who want both performance and crypto-native operations.
Hyperliquid’s expanding footprint is evident in its growing market share relative to Binance, the industry giant.
In May, Hyperliquid accounted for 10.54% of Binance’s perpetual futures volume, up from 9.76% in April, signaling a shift in dominance within the sector.
Decentralized exchange (DEX) perpetual futures also saw gains, capturing 6.84% of global perp flows in May, a rise from under 2% in 2022.
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