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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