According to blockchain tracking platforms, Wynn was liquidated on a 240 BTC position. Despite manually closing part of his trade to reduce the liquidation threshold, his efforts were ultimately unsuccessful.

The 40x Gamble That Went South

Wynn’s liquidation price was calculated at $104,035 per BTC. He still holds around 770 BTC, valued at over $80 million, but his current 40x long position continues to hover around an unrealized loss of nearly $1 million.

On social media, Wynn insisted that the market was being deliberately moved against his positions. He also called for donations to support his mission of “exposing manipulation” in the crypto markets.

Aiming for a Billion Despite Massive Losses

Wynn is no stranger to bold moves. On May 24, he opened a $1.25 billion Bitcoin long with 40x leverage—just one day after incurring a $29 million loss.

Shortly afterward, he reversed his stance and entered a $110 million short position. Reports indicate that he lost a total of $100 million during this volatile period.

Still, Wynn hasn’t backed down. Determined to eventually earn $1 billion, he opened another $100 million leveraged long earlier this week.

Dark Pools in DeFi? A New Direction for Transparency

The scale of Wynn’s losses has sparked fresh conversations in the industry. A prominent DeFi figure recently proposed the creation of a dark pool DEX, which would allow large trades to occur privately—away from prying eyes and predatory trading bots.

Unlike traditional decentralized exchanges where order books are visible to all, a dark pool structure could protect large players from slippage, front-running, and forced liquidations. While dark pools are well-established in traditional finance, their adaptation in DeFi is still in early stages and remains controversial due to potential conflicts of interest.

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The post James Wynn Loses $25M on Leveraged Bitcoin Bet appeared first on Coin Engineer.

From Pepe Profits to Bitcoin Focus

Before opening this massive position, Wynn liquidated his $PEPE holdings with a $25.2 million profit, reallocating the funds. According to on-chain analysis platform Lookonchain, Wynn entered a position of 11,588 BTC on May 24, with an average entry price of $108,243. The liquidation level was recorded as $105,180.

This move came just after Wynn closed his Ethereum and Sui positions at a $5.3 million loss. With the proceeds, he raised his Bitcoin long to 11,070 BTC.

Wynn had initially opened a long position worth $830 million on May 21. On the same day, he reduced the position by $400 million in profits. However, on May 22, he doubled down, increasing the position to $1.1 billion. As Bitcoin surpassed $110,000, he gained $39 million on paper. Later, he sold 540 BTC for $60 million, securing a realized profit of $1.5 million.

Trump’s Tariff Shock Hits the Markets

On May 23, Trump’s high-tariff announcement targeting EU imports led to a sharp selloff across both traditional and crypto markets. As a result, Bitcoin fell below $107,000, Ether dropped to $2,504, and memecoins experienced heavy losses.

According to data tracked by HypurrScan, Wynn recorded losses of over $29 million in a single day. Despite this, his all-time trading profit still exceeds $57 million, with a monthly gain around $46 million.

High Leverage Means High Risk

Wynn describes himself as a high-risk leverage trader and memecoin enthusiast. He’s notably remembered for calling $PEPE a buy when its market cap was just $600,000.

Actively using Hyperliquid for the past two months, Wynn reportedly deposited $4.65 million in USDC on the platform. Hyperliquid operates as a decentralized exchange (DEX) on its own Layer-1 blockchain, offering leverage trading, spot trading, and lending services.

However, Wynn’s aggressive leverage strategies leave him exposed to market volatility. With Bitcoin trading around $109,000, a sharp downturn could trigger liquidation.

This content does not constitute investment advice. The markets involve high risk and it is important that you do your own research before making any investment decisions.

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The post Hyperliquid Trader Wynn Raises Bitcoin Long Position to $1.25 Billion! appeared first on Coin Engineer.