Trader James Wynn, known for high-leverage cryptocurrency trading, lost approximately 25 million dollars (240 BTC) in a liquidation that occurred yesterday.
Wynn recently opened another leveraged position of 100 million dollars after the liquidation of a long 1 billion 250 million dollar long ( Bitcoin position. However, this new move also resulted in a loss.
At the end of the month, Wynn, who reportedly had only 37 dollars left in his account, also executed similarly unsuccessful transactions in cryptocurrencies such as Fartcoin, PEPE, TRUMP, ETH, and SUI. Although he occasionally reached profitable positions, it is stated that he evaporated his gains without realizing them.
Wynn stated in a weekend announcement that despite his losses, he will “continue” and plans to make large transactions again.
Currently, Wynn has an open Bitcoin long position worth 82 million dollars with a leverage ratio of 40 times. The liquidation price of the position is 103,930 dollars.
At the time the news was written, the number one cryptocurrency is trading at $104,815.
Published: June 5, 2025 13:20
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