Crypto trader James Wynn has made headlines after revealing he lost $100 million in just one week. The dramatic loss followed a series of high-leverage Bitcoin trades on Hyperliquid, a decentralized exchange known for its transparency.
According to Wynn, his downfall began shortly after he turned $3 million into $100 million in under 30 days. His rapid gains attracted massive attention as on-chain data exposed every move he made. With hundreds of thousands of people watching, Wynn admits the pressure pushed him into risky decisions.
Before diving into leveraged Bitcoin trades, Wynn had gained fame for spotting the PEPE meme coin early. Apparently, he made well over a million dollars from that bet, but his lack of discipline and expertise with advanced trading tools kept him from using perpetual futures.
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Wynn started engaging in leveraged trading in March despite having little to no previous knowledge of these strategies. At first, he made quick gains by investing heavily in Bitcoin with substantial leverage. His always-open wallet made all of his trading actions visible to everyone, leading to increased pressure to perform and more impulsive behaviour.
Wynn admitted that as his losses increased, he started trying to regain what he had lost. He believed that, like gambling, he kept cutting his losses by taking more chances to regain what he had won. In just a matter of days, his $100 million investment disappeared completely.
High-Stakes Pressure and Final Liquidation Triggered Total Collapse
The final blow came when a prominent Bitcoin position narrowly avoided liquidation by $40, only to be wiped out an hour later. This single trade loss totaled 155.38 BTC, valued at over $16 million, marking the end of a week-long collapse that erased all his gains.
While he faced significant losses, Wynn is still active on various social media networks. Soon after his liquidation, he advertised Hyperliquid through an affiliate link and promoted the meme coin Moonpig. These actions have drawn backlash from followers who feel he is still encouraging risky trading behaviour.
Many in the crypto world are now talking about how going public and using high leverage can affect emotions and lead to risks.
James Wynn’s fall from a $100 million peak to zero within a week highlights the dangers of unchecked leverage and public pressure. His experience serves as a stark warning for traders navigating volatile markets under constant scrutiny.
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