James Wynn’s big wins (and losses): The truth about trading with leverage
James Wynn is a pseudonymous crypto trader who gained notoriety between 2022 and 2023 through memecoins, notably making a significant profit from PEPE. He shifted to high-leverage trading on platforms like Hyperliquid, amassing millions in unrealized profits by early 2025. However, his fortunes changed dramatically in May 2025 when a Bitcoin price drop triggered liquidations that wiped out nearly $100 million from his leveraged positions. Wynn’s strategy often involved emotional trading, adding higher leverage during downturns instead of mitigating risk. This led to partial liquidations that eroded his capital before a complete collapse. His experience highlights critical lessons such as the risks of high leverage, the impact of partial liquidations on capital, and the necessity for exit strategies and risk management in volatile markets like cryptocurrencies.
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