High-Stakes Crypto Trader James Wynn Blows $4.8M Overnight – Again

Last Updated on October 16, 2025

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Key Takeaways:

  • James Wynn lost $4.8 million in leveraged crypto positions backed by just $197,000, with nearly all wiped out within a day.
  • His trades included a 40x long on Bitcoin and 10x longs on KingPepe and Hyperliquid tokens.
  • Wynn, previously liquidated for $100 million, has become notorious for repeated high-risk trades and rapid liquidations.

High-leverage crypto trader James Wynn has once again suffered a massive loss, with around $4.8 million liquidated in a single day, according to blockchain analytics platform Lookonchain

On Tuesday, Wynn opened new leveraged positions totaling $4.8 million, backed by just $197,000 in stablecoins

His trades included a 40x long on 34 Bitcoin worth $3.85 million, a 10x long on 122 million KingPepe (kPEPE) tokens valued at $917,000, and a smaller 10x long on 712 Hyperliquid (HYPE) tokens.

By Wednesday, nearly all of it had been wiped out, leaving just $63,133 in his wallet. 

Wynn, who had declared he was “back with a vengeance” before opening the trades, has become notorious for repeated high-stakes losses.

In May, he was liquidated for $100 million after Bitcoin’s price fell to $105,000, triggering the collapse of his long positions. 

Days later, he attempted another $100 million comeback, partly funded by social media donations, which also ended in full liquidation.

His repeated blowups highlight the extreme risks of high-leverage trading and how quickly fortunes can vanish in the volatile crypto markets.

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