Billion-Dollar Bets Backfire as Crypto’s Most Notable Whale Faces Full Liquidation

James Wynn, the trader who drew widespread attention this month for placing massive leveraged bets on Hyperliquid, has been completely wiped out, ending the month with just $23 left in his account.

Wynn gained notoriety through high-stakes trades involving Bitcoin (BTC), PEPE memecoins, and various other tokens. His dramatic downfall began when a colossal $1.25 billion long position on Bitcoin unraveled, as prices slipped below $105,000 amid rising geopolitical tensions—resulting in a loss exceeding $37 million, fees included.

Undeterred, Wynn quickly turned to volatile memecoins like PEPE, only to face another liquidation after early gains evaporated amid market swings.

Throughout the month, Wynn’s trading spree extended to assets including Ethereum (ETH), SUI, TRUMP tokens, and even the notorious FARTCOIN. At one point, his unrealized profits soared as high as $85 million.

In response to his liquidation, Wynn’s associated account posted on X: “I’ll run it back, I always do. I like the thrill of the game. I took a calculated shot at making billions.”