James Wynns $25 Million Loss: A Partial Liquidation Shakes the Hyperliquid Community

Self-proclaimed «king of perpetual futures» James Wynn has experienced a partial liquidation, resulting in a loss of 240 BTC (approximately $25 million).

According to Lookonchain, the trader also manually closed part of his position to reduce the liquidation price.

As reported by Hypurrscan, the total size of his open position exceeds 776 BTC (around $81 million).

Shortly before the partial liquidation, Wynn made a desperate call to the community for a “rescue buy” of cryptocurrency.

His entry price for the long position was $106,066. With Bitcoin currently trading near $104,480, his unrealized loss exceeds $1.2 million. The position will be liquidated if the price of the leading cryptocurrency drops to $103,950.

Wynn’s connection to Hyperliquid remains ambiguous. Wintermute founder Evgeny Gaevoy has suggested that he might be a «paid actor» intended to draw attention to the platform.

It’s important to note that the current long position with a 40x leverage was opened on June 3rd. Following the rise in the value of digital gold, Wynn increased his position from $100 million to $140 million.

This occurred just a few days after a similar position faced liquidation due to Bitcoin dropping below $105,000.