James Wynn, a high-risk trader, has shaken the crypto world: from turning a few million dollars into a Bitcoin asset worth 100 million dollars in just one month, to losing it all in just one week. His adventurous journey in the perpetual contracts (perps) and his confession about how he managed that success has left many shocked and curious. Let's explore the events behind James Wynn's rollercoaster journey.
From meme coin to millions of dollars
In a recent Twitter post, James Wynn stated that he does not always trade big. Before diving into Bitcoin, he was better known for criticizing meme coins, where he gained attention for criticizing Pepe Coin when it was only worth $600,000.
Betting on Pepe has become a major success story, yielding him an impressive profit of up to eight figures. This early victory has given him confidence and a reputation as a risk-taker in the crypto world.
In March, James took his trading game to a new level, transitioning from meme coins to permanent Bitcoin. Amazingly, in just one month, he turned his initial balance of about 3 million dollars into an astonishing 100 million dollars.
His success is widely known thanks to blockchain tracking technology and he quickly attracted hundreds of thousands of followers eagerly awaiting his next move.
When Hype Becomes a Trap
As James Wynn's fame grew, pressure also increased. He felt he had to prove himself after turning 3 million dollars into 100 million dollars. But instead of trading carefully, he began to gamble, trying to recover the lost money. He no longer regarded the huge numbers on the screen as real money.
On May 19, Wynn made a risky Bitcoin trade with 40x leverage, starting with 5,520 BTC. He then added more Bitcoin, ending with over 9,300 BTC, worth more than 1 billion dollars. At one point, he earned 10 million dollars.
But when the news about U.S. tariffs was released, the price dropped rapidly. Wynn lost 60 million dollars in one day. Although he still had 25 million dollars from before, within a week, all of his 100 million dollars in profits had disappeared, lost on the HyperLiquid platform.
Warning and wink
Despite the pain of losing so much, Wynn still did not lose his sense of humor. He even joked about using his affiliate link for those who still wanted to trade, but his story serves as a reminder of the risks and rewards that come with high-risk trading.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
James Wynn: How a high-risk trader lost his $100 million fortune
James Wynn, a high-risk trader, has shaken the crypto world: from turning a few million dollars into a Bitcoin asset worth 100 million dollars in just one month, to losing it all in just one week. His adventurous journey in the perpetual contracts (perps) and his confession about how he managed that success has left many shocked and curious. Let's explore the events behind James Wynn's rollercoaster journey. From meme coin to millions of dollars In a recent Twitter post, James Wynn stated that he does not always trade big. Before diving into Bitcoin, he was better known for criticizing meme coins, where he gained attention for criticizing Pepe Coin when it was only worth $600,000. Betting on Pepe has become a major success story, yielding him an impressive profit of up to eight figures. This early victory has given him confidence and a reputation as a risk-taker in the crypto world.
In March, James took his trading game to a new level, transitioning from meme coins to permanent Bitcoin. Amazingly, in just one month, he turned his initial balance of about 3 million dollars into an astonishing 100 million dollars. His success is widely known thanks to blockchain tracking technology and he quickly attracted hundreds of thousands of followers eagerly awaiting his next move. When Hype Becomes a Trap As James Wynn's fame grew, pressure also increased. He felt he had to prove himself after turning 3 million dollars into 100 million dollars. But instead of trading carefully, he began to gamble, trying to recover the lost money. He no longer regarded the huge numbers on the screen as real money. On May 19, Wynn made a risky Bitcoin trade with 40x leverage, starting with 5,520 BTC. He then added more Bitcoin, ending with over 9,300 BTC, worth more than 1 billion dollars. At one point, he earned 10 million dollars. But when the news about U.S. tariffs was released, the price dropped rapidly. Wynn lost 60 million dollars in one day. Although he still had 25 million dollars from before, within a week, all of his 100 million dollars in profits had disappeared, lost on the HyperLiquid platform. Warning and wink Despite the pain of losing so much, Wynn still did not lose his sense of humor. He even joked about using his affiliate link for those who still wanted to trade, but his story serves as a reminder of the risks and rewards that come with high-risk trading.