James Wynn, a well-known crypto trader, recently made impressive gains on decentralized exchange Hyperliquid, generating a profit of more than $87 million within 70 days through aggressive, high-leverage trading strategies.
But Wynn lost nearly all of his gains in just five days, with his portfolio plummeting between May 23 and May 28, according to an X post by analytics firm Lookonchain.
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Wynn’s trading activity was public and high-profile, and he used significant leverage of up to 40x on large positions, particularly in bitcoin and memecoins such as PEPE, TRUMP, and FARTCOIN.
Wynn’s account now retains only about $13 of profit from his original base, with an existing 40x leveraged $529 million bitcoin position standing at an unrealized loss of $2.1 million.
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Hyperliquid Trader Makes $87M in 70 Days, Loses It In Five - Unchained
James Wynn, a well-known crypto trader, recently made impressive gains on decentralized exchange Hyperliquid, generating a profit of more than $87 million within 70 days through aggressive, high-leverage trading strategies.
But Wynn lost nearly all of his gains in just five days, with his portfolio plummeting between May 23 and May 28, according to an X post by analytics firm Lookonchain.
This story is an excerpt from the Unchained Daily newsletter
To get these updates in your email for free, subscribe here.
Wynn’s trading activity was public and high-profile, and he used significant leverage of up to 40x on large positions, particularly in bitcoin and memecoins such as PEPE, TRUMP, and FARTCOIN.
Wynn’s account now retains only about $13 of profit from his original base, with an existing 40x leveraged $529 million bitcoin position standing at an unrealized loss of $2.1 million.