Hyperliquid Trader James Wynn Suffers Nearly $100 Million Bitcoin Liquidation Amid Price Drop

Hyperliquid Trader James Wynn’s $100M Bitcoin Liquidation Sends Shockwaves Through Crypto Markets

Hyperliquid – James Wynn, a prominent Hyperliquid trader, faced a devastating blow as his leveraged Bitcoin (BTC) long positions were liquidated for almost $100 million following Bitcoin’s sharp decline below $105,000 on May 30, 2025. Onchain data from Hypurrscan, Hyperliquid’s analytics platform, revealed that Wynn’s aggressive bets did not survive the market downturn.

Breakdown of Liquidated Positions

Wynn had two major leveraged long positions on Bitcoin:

• 527.29 BTC valued at approximately $55.3 million liquidated as BTC fell to $104,950.
• 421.8 BTC worth about $43.9 million liquidated when Bitcoin dropped further to $104,150.

Additionally, a separate position of 94 BTC (worth $10 million) was liquidated at $106,330 on May 29. In total, Wynn lost control over 949 BTC, with analysts from Arkham Intelligence and Lookonchain confirming losses nearing $100 million in just one week.

Market Volatility and Leverage Risks

Bitcoin price dipped to a 10-day low of $104,630 on Coinbase during early trading, with other platforms reporting even lower levels. Wynn’s position was highly leveraged at 40x, with an overall exposure of $1.25 billion after an increase on May 24. The sudden price drop followed renewed tariff concerns from US President Donald Trump, intensifying market volatility and triggering Wynn’s liquidations.

Wynn’s Response and Current Position

Following the liquidation, Wynn posted a cryptic message on X (formerly Twitter) featuring a scene from the 1999 movie The Matrix, symbolizing his attempt to “stop the bullets” amid market chaos. Despite the losses, Wynn maintains a 40x leveraged long position opened at a Bitcoin price of $107,993, currently showing an unrealized loss of $3.4 million.

From Memecoins to High-Risk Trading

James Wynn initially gained fame for his profitable investments in memecoins such as Pepe (PEPE), which earned him millions. He self-identifies as an “extreme degenerate,” embracing high-risk trades with the potential for total loss, cautioning others against replicating his approach:

“I do not follow proper risk management, nor do I claim to be a professional; if anything, I claim to be lucky. I’m effectively gambling. And I stand to lose everything. I strongly advise people against what I’m doing!”

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.