Crypto Trader Faces $100 Million Loss on Hyperliquid Amid Bitcoin Dip

Renowned for his high-stakes bets on the Hyperliquid platform, trader James Wynn faced liquidation after Bitcoin’s price fell below $105,000. From his peak profits, he racked up a total loss of 949 BTC (approximately $99.3 million).

James Wynn (@JamesWynnReal) was recently liquidated for 949 $BTC ($99.3M) as Bitcoin’s value dipped below $105,000.

He experienced over $99 million in losses within just a week! May 30, 2025

On May 22, the trader initiated a long position of 10,200 BTC (worth $1.14 billion at the time) using a 40x leverage on Hyperliquid.

At his peak, Wynn’s profits amounted to approximately $87 million from an initial investment of around $3-4 million.

On May 26, he announced his departure from the «Hyperliquid casino» with a profit of $25 million. However, just a few hours later, he returned to active trading.

As of this writing, the total losses for the self-proclaimed «king of perpetual contracts» have escalated to $13.62 million.

Wynn continues to hold his long position with 40x leverage since May 25, opening at a price of $107,993. His position will be forcibly liquidated if the price falls below $104,533. His unrealized loss has reached $4.54 million.

He acknowledged that his best course of action would have been to simply hold onto his assets.

«One thing is certain: I’ve demonstrated how corrupt these markets are,» he lamented.

In a recent plea, Wynn urged the «platform operators» to grant him a third chance and avoid liquidating his position after two previous attempts failed.