High-leverage trader James Wynn deactivates X account
Analysis
Price Impact
LowThe deactivation of a single trader's account, even one known for high-leverage positions, is unlikely to significantly affect the overall market. while his bets were large, their impact was more on his personal finances than on the broader price of bitcoin.
Trustworthiness
HighThe information is based on reported wallet balances and public statements by the trader, as well as news reports from cointelegraph, a reputable source in the crypto space.
Price Direction
NeutralThe news does not inherently suggest a bullish or bearish trend. it highlights the risks of high-leverage trading but does not provide a fundamental reason for price movement in either direction.
Time Effect
ShortAny minor market reaction would likely be immediate and short-lived, as the market quickly absorbs the news.
Original Article:
Article Content:
Vince Quill 3 minutes ago High-leverage trader James Wynn deactivates X account High-risk trader James Wynn lost hundreds of millions of dollars in a matter of weeks by speculating on short-term price movements. Listen 0:00 34 News COINTELEGRAPH IN YOUR SOCIAL FEED James Wynn, a crypto trader known for his high-leverage crypto bets, appears to have deactivated his X social media account, following nine-digit losses. Wynn’s X handle “ JamesWynnReal ” now routes to a page that says “This account doesn’t exist. Try searching for another.” The trader’s wallets show a combined balance of just $10,176, according to balances displayed by Arkham Intelligence and Hypurrscan . Crypto traders kept a close eye on Wynn’s high-leverage and high-risk bets , which often went against market sentiment, causing the trader to lose hundreds of millions of dollars in the process. James Wynn’s wallet balances now show $6,580 left out of $100 million. Source: Arkham Intelligence Related: Mystery whale opens $300M leveraged Bitcoin bet: James Wynn alt account? James Wynn lost huge sums making high-risk bets Wynn gained widespread notoriety among the crypto community for highly leveraged crypto trades on the Hyperliquid platform. In May 2025, the trader’s $100 million in long-BTC positions were liquidated after the price of Bitcoin dipped below $105,000, wiping away 949 BTC from his account. Wynn wrote in a now-deleted post shortly before the liquidation: “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.” Wynn opened up another $100 million Bitcoin bet days after the implosion of the long-BTC positions taken in May. The high-leverage Hyperliquid trader claimed that his positions were being deliberately targeted by market makers who were attempting to liquidate his bets. He issued an appeal to the crypto community for donations to fund his account, and at least 24 different addresses sent money to the trader. Immediately afterwards, Wynn announced that he had liquidated 240 BTC , worth about $25 million at the time, to “lower the liquidation price” of the remaining BTC positions. Despite the evasive maneuvers, Wynn was unable to keep the large positions and lost well over 99% of the $100 million, drawing criticism from long-term investors, who used it as an example to illustrate the benefits of holding assets rather than engaging in high-risk short-term price speculation. Magazine: High conviction that ETH will surge 160%, SOL’s sentiment opportunity: Trade Secrets # Blockchain # Altcoin # Leverage # DeFi # Trading Add reaction