James Wynn, the trader infamous for turning $87 million into nothing, has made a comeback on Hyperliquid with a bold new 40x short position on Bitcoin.
Currently, his liquidation threshold is set at $71,112 while Bitcoin’s market price hovers around $70,697.
The crypto community is well acquainted with Wynn’s risky maneuvers and isn’t holding back in their reactions this time either.
Wynn has returned to Hyperliquid after previously skyrocketing from $4 million to an astonishing $87 million before losing nearly everything. This time around, he’s entered the platform again using just under $4,000 gathered from referral bonuses and placed a highly leveraged 40x short bet on Bitcoin that sits only about $415 away from being liquidated.
A Background Worth Revisiting
If you’re not familiar with James Wynn’s story, it’s quite remarkable. By May 2025, he had amassed one of the largest publicly visible leveraged positions in cryptocurrency history — holding a colossal long position worth approximately $1.25 billion on Bitcoin using 40x leverage via Hyperliquid. However, as prices declined sharply afterward, his massive stake unraveled leading to losses exceeding over $100 million and leaving him with just twenty-three dollars in his account by month-end.
Before deleting his social media presence on X (formerly Twitter), he famously updated his bio simply to say: “broke.”
Since then Wynn has repeatedly reappeared on Hyperliquid depositing fresh funds only to engage once more in high-risk leverage trades that ultimately end up liquidated again and again.
The Latest Move
The blockchain analytics service LookOnChain recently highlighted Wynn’s newest activity shared publicly via X. His wallet address—0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6—reveals that he claimed roughly $1,654 in USDC referral rewards before depositing about $3,911 USDC into Hyperliquid. He then opened a short position leveraging 40 times over approximately 2.69 BTC valued near $190K at current prices. The liquidation point for this trade stands firmly at around $71,112.
“James Wynn is back after managing to claim $1,654 in referral rewards. Awful trader, no wonder he is BROKE.”
This blunt assessment was echoed widely across social channels where many expressed little sympathy for another high-leverage gamble destined for failure:
“This exactly shows how excessive leverage ruins traders every cycle. A 40x short isn’t trading—it's gambling against the clock. One squeeze can wipe out the entire position instantly.”
The Reality Behind The Numbers
With Bitcoin priced near $70,697 when this report was compiled and James’ liquidation set slightly above at $71,112, wynn needs BTC prices to drop significantly below current levels just to see any profit emerge. A mere increase of about four hundred fifteen dollars would completely erase all capital invested due to forced liquidation triggered by margin calls. ....”'s risk tolerance tested yet again as observers await whether history repeats itself or if somehow this round will break free from previous outcomes logged since May two thousand twenty-five within public blockchain records tied directly back through tracking wallets like these.”