James Wynn, a pseudonymous crypto dealer who rose to on-line fame for turning meme coin bets into tens of millions, has revealed he misplaced $100m in a matter of days after an aggressive string of leveraged trades on Hyperliquid.
Wynn, who first gained consideration for turning a $7,000 place within the meme coin PEPE into over $25m, shared his story Friday on X.
In a candid put up, he mentioned he started buying and selling perpetual futures in March, regardless of having no prior expertise with derivatives. “I began buying and selling on perps in March, had by no means traded perps earlier than, the truth is by no means actually traded correctly earlier than. I’ve simply traded meme cash,” he wrote.
I began buying and selling on perps in March, had by no means traded perps earlier than, in-fact by no means actually traded correctly earlier than, I’ve simply traded meme cash. (Earlier than I used to be recognized for calling pepe at 600k and making 8 figures).
In a single month I turned about $3m into $100m after which misplaced all of it in…— James Wynn (@JamesWynnReal) June 6, 2025
From Meme Cash to Tens of millions, Then Mayhem
That inexperience didn’t maintain him again, at the least initially. Inside a month, Wynn mentioned he turned a $3m place into $100m via a collection of high-leverage trades.
His success, all trackable on-chain, attracted consideration quick. His social media following ballooned as crypto merchants scrambled to duplicate or monitor his positions.
However the newfound visibility proved double-edged. Wynn admitted that the stress of being within the highlight warped his judgment.
“With all this new consideration the buying and selling spiraled uncontrolled. I used to be mainly playing,” he mentioned. “I bought grasping. I wasn’t taking the numbers on the display severely.”
Transparency Made Wynn a Star—Then a Cautionary Story
In mid-Could, Wynn had amassed a $1.25b lengthy place on Bitcoin, betting huge at a mean entry worth of round $108,243.
The place, constructed with as a lot as 40x leverage, left little margin for error. When US President Donald Trump posted a tweet threatening tariffs on the European Union, world markets turned sharply. Bitcoin dipped beneath Wynn’s liquidation worth, wiping out practically his total place in a collection of cascading losses.
The fast reversal shocked many within the crypto neighborhood, the place Wynn had turn into a divisive determine. Some hailed him as a contemporary buying and selling icon, whereas others accused him of reckless playing and even market manipulation.
The put up Crypto Dealer James Wynn Confesses He ‘Misplaced Management’ After Dropping $100M in a Month appeared first on Cryptonews.