Close Menu
    What's Hot

    Ripple Expands African Footprint Through Strategic Partnership with Absa Bank

    95% ETH Corporate Buys Happened In Q3: Bitwise

    Ethereum Marks 10 Years with NFT Launch, ETH NFTs See Big Rally

    Facebook X (Twitter) Instagram
    Thursday, October 16
    • About us
    • Contact us
    • Privacy Policy
    • Contact
    Facebook X (Twitter) Instagram
    kryptodaily.com
    • Home
    • Crypto News
      • Altcoin
      • Ethereum
      • NFT
    • Learn Crypto
      • Bitcoin
      • Blockchain
    • Live Chart
    • About Us
    • Contact
    kryptodaily.com
    Home»NFT»James Wynn, High-Stakes Leveraged Crypto Trader, Liquidated Once Again
    NFT

    James Wynn, High-Stakes Leveraged Crypto Trader, Liquidated Once Again

    KryptonewsBy KryptonewsOctober 15, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    James Wynn, a pseudonymous high-leverage crypto trader, was liquidated for about $4.8 million on Wednesday, according to blockchain analytics company Lookonchain.

    Wynn opened up $4.8 million in leveraged positions with $197,000 in stablecoins on Tuesday, Lookonchain reported. “Back with a vengeance, coming to get what’s rightly mine,” Wynn said on Tuesday as he placed his bets.

    Wynn opened a 40x long position on 34 Bitcoin (BTC), valued at $3.85M, a 10x long on 122,000,000 KingPepe (kPEPE) meme tokens, valued at $917,000, and a 10x position on 712 Hyperliquid (HYPE), valued at $28,000, before losing nearly all of it by Wednesday.

    Source: Lookonchain

    The wallet associated with Wynn showed a balance of $63,133 at the time of this writing, data from the Hypurrscan block explorer shows.

    “It seems every time he returns to Hyperliquid to open new positions, it doesn’t take long before he gets wiped out,” Lookonchain wrote, highlighting the dangers of leveraged trading and the potential for rapid, outsized losses. 

    Related: Top 5 crypto traders to watch in 2025: From James Wynn to Machi Big Brother

    Wynn becomes famous in the crypto community for huge liquidations

    Wynn has gained widespread notoriety in the crypto community for making and losing hundreds of millions of dollars through trading leveraged crypto perpetual futures contracts, which are similar to traditional futures contracts but feature no expiration date.

    Many exchanges allow traders to use leverage, or margin, to take positions several times larger than their posted collateral, making meteoric gains and catastrophic losses within a short time frame possible.