James Wynn, a well-known crypto trader who is known for his bold, high-risk moves, has been beaten up this week. As prices declined for Bitcoin and Pepe coin (PEPE), Wynn’s highly leveraged positions started to unravel with huge losses.
Bitcoin fell about 7% from its all-time high of $111,900 to about $105,300 recently. PEPE also plunged 9% from $0.00001625 to $0.00001475. Though these are minor movements in the grand scheme of crypto, for the likes of Wynn, who trades with ultra-high leverage, they were sufficient to initiate cataclysmic damage.
The data on HyperDash shows that Wynn currently holds around $62 million in crypto positions on Hyperliquid. His Bitcoin long is worth $46.4 million, backed by just $1.16 million in margin, and it’s sitting on 40x leverage. If Bitcoin price falls to $101,911, that trade will be fully liquidated. His $16 million PEPE trade is also dangerously close to its liquidation point at $0.0116.
It’s already been a rough few days. Wynn has closed several losing trades, including a Bitcoin position on Friday, where he reportedly lost $37 million. On May 27, he also exited a PEPE trade with over $858,000 in losses. In total, he’s down around $100 million this week alone.
All of this comes as the overall market is under pressure. Profit-taking by traders and global uncertainty in the form of mixed messages on U.S. tariffs and halted negotiations with China are keeping investors on edge.
Despite the rough patch, there’s still a bit of hope. Some analysts say BTC and PEPE are forming bullish patterns on the charts, hinting at a possible bounce. If that happens, Wynn’s remaining trades might still turn around. However, for now, it’s a tough moment for one of crypto’s most fearless traders.
