Crypto Trader James Wynn Loses 99% of $100 Million, Deactivates X Account

James Wynn, a high-risk trader known for his aggressive and high-leverage trading strategies in the cryptocurrency market, has deactivated his X social media account. This move comes after he suffered substantial financial losses, estimated to be in the hundreds of millions of dollars, within a short period. Wynn’s trading approach, which often went against mainstream market sentiment, resulted in significant losses, leaving his trading wallets with a combined balance of just $10,176.

Wynn’s high-leverage trades, particularly on the Hyperliquid platform, drew considerable attention and scrutiny from the crypto community. In May 2025, his $100 million in long-BTC positions were liquidated after Bitcoin’s price dipped below $105,000. This event wiped out 949 BTC from his account, underscoring the extreme volatility and risk associated with high-leverage trading. Wynn had previously acknowledged the risks, stating that he did not follow proper risk management and was effectively gambling with his trades.

Despite the significant losses, Wynn attempted to recover by opening another $100 million Bitcoin bet shortly after the liquidation. He claimed that his positions were being deliberately targeted by market makers, an allegation that added to the controversy surrounding his trading activities. Wynn even appealed to the crypto community for donations to fund his account, receiving contributions from at least 24 different addresses. However, his efforts to salvage his positions were unsuccessful, and he lost well over 99% of the $100 million, drawing criticism from long-term investors who used his experience as an example of the dangers of high-risk, short-term speculation.

Wynn’s deactivation of his X account has sparked discussions about the sustainability of high-leverage trading strategies and the importance of risk management in the crypto market. His situation serves as a cautionary tale for traders, highlighting the potential consequences of engaging in high-leverage trading without proper risk management. The crypto community is closely monitoring the situation, as Wynn’s experience underscores the need for traders to exercise caution and stay informed about market trends and developments. As the market continues to evolve, traders must remain vigilant and adapt their strategies to navigate the ever-changing landscape.