Major Cryptocurrency Whale Gets Fully Liquidated After Taking Billions in Speculative Bets

James Wynn, known for his bold, leveraged bets on Hyperliquid, has been fully liquidated, leaving just $23 in his account after a turbulent trading spree.

Wynn rose to prominence by executing massive on-chain trades across Bitcoin (BTC), PEPE, and other tokens. His risk-heavy strategy reached a breaking point with a $1.25 billion long on BTC that unraveled as prices dipped below $105,000 amid geopolitical tensions, costing him over $37 million.

Shifting gears to memecoins like PEPE, Wynn saw brief gains but was soon liquidated again due to volatile swings.

Throughout May, Wynn cycled through assets including ETH, SUI, TRUMP, and the quirky FARTCOIN, at one point boasting unrealized gains near $85 million.

An account tied to Wynn on X responded to the losses with defiant confidence: “I’ll run it back, I always do. I like playing the game,” the message read. “I took a calculated bet at making billions.”