{"id":69843,"date":"2025-05-28T15:35:19","date_gmt":"2025-05-28T15:35:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=69843"},"modified":"2025-05-28T15:35:19","modified_gmt":"2025-05-28T15:35:19","slug":"crypto-whale-james-wynns-87m-portfolio-wiped-out-in-5-days-a-detailed-recap","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=69843","title":{"rendered":"Crypto Whale James Wynn\u2019s $87M Portfolio Wiped Out in 5 Days: A Detailed Recap"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

James Wynn \u2013 an industry participant known across the digital asset space for his high-risk leverage trades \u2013 became the latest rock star of crypto by making some jaw-dropping trades before the latest Lookonchain update revealed a total wipe-out.<\/span>
\nIn a twist, an anonymous trader profited $5.6M in three days by consistently taking the opposite side of his trades.<\/p>\n

<\/a><\/span><\/h2>\n

The Adventures of Wynn<\/h2>\n

Earlier this month, he entered a long BTC position with roughly $390 million. The bet initially had a liquidation price of $96,600 and a margin of just south of $10 million. In the following days, Wynn <\/span>increased <\/span><\/a>the position to a whopping $1.25 billion with 40x leverage.\u00a0<\/span><\/p>\n

At one point, the trader was at the crest of the wave, standing at the staggering $87 million in unrealized profit due to BTC\u2019s price rally above $110,000. However, towards the end of last week, the asset\u2019s valuation (and the entire cryptocurrency market) <\/span>retraced<\/span><\/a> following Donald Trump\u2019s threat to impose tariffs of 50% on the European Union, effective<\/span> from June 1.\u00a0<\/span><\/p>\n

Logically, the downtrend wiped out a significant chunk of Wynn\u2019s gains. He then flipped<\/a> bearish on the asset, opening a short position of 1,038 BTC at $107,711 with a liquidation price of $149,100. Eventually, the trader <\/span>called it quits<\/span><\/a>, closing all contracts with a profit of $25 million.<\/span><\/p>\n

The whale\u2019s actions were praised by many X users, with some calling him a \u201clegend.\u201d Others, though, have not been so kind, wishing to see him in the red. Wynn prepared a special post for those stating:<\/p>\n

For all my haters out there who so very much loved to see my portfolio swing down by $60,000,000.<\/p>\n

Just know, now you get to see it swing BACK UP INTO THE HUNDREDS OF MILLIONS.<\/p>\n

I repeat HUNDREDS OF MILLIONS.<\/p>\n

Money that haters like you can\u2019t even dream of having because\u2026 pic.twitter.com\/VnFo6i5bhT<\/a><\/p>\n

\u2014 James Wynn (@JamesWynnReal) May 27, 2025<\/a><\/p>\n\n

The blockchain analytics platform Lookonchain <\/span>revealed<\/span><\/a> that just a few hours after announcing the profit, the trader \u201cwas back in the casino\u201d and continued to long BTC with 40x leverage. \u201cThe portion size reaches 684 BTC ($75.34M), and the liquidation price is $103,120,\u201d the entity stated on May 26. Subsequently, Wynn <\/span>increased<\/span><\/a> his long position to 5,676 BTC, with a liquidation price of $108,010.<\/span><\/p>\n

Besides interacting with BTC, Wynn is known as a proponent of PEPE and <\/span>opened<\/span> several positions involving the asset. Back in the day, he <\/span>spent<\/span><\/a> $182,000 to purchase 7.2 trillion tokens. He sold 6.76 trillion PEPE for almost $34 million and left 443.7 billion PEPE (worth over $6 million at current rates).\u00a0<\/span><\/p>\n

Lookonchain revealed that Wynn had been actively trading<\/a> the meme coin on Hyperquid lately, making four profitable trades that netted $25.4 million.\u00a0<\/span><\/p>\n

The platform later <\/span>estimated<\/span><\/a> that the whale deposited 240 billion PEPE into Binance, raising the question of whether he was preparing to cash out. Shortly after, the entity <\/span>disclosed <\/span><\/a>that it seemed like Wynn had sold the stash to fund his long BTC position and <\/span>informed<\/span><\/a> that he deposited the remainder of his PEPE holdings into the exchange.\u00a0<\/span><\/p>\n

Betting Against Wynn and Big Loss<\/span><\/h2>\n

The whale executed his whopping long and short positions on the decentralized exchange Hyperliquid, and these trades were visible to other market participants.\u00a0<\/span>Lookonchain <\/span>revealed<\/span><\/a> the case of one savvy trader who bet against Wynn\u2019s actions and, in just three days, made $5.6 million.\u00a0<\/span><\/p>\n

Specifically, they shorted BTC every time Wynn went long and vice versa. On May 24, trader 0x2258 opened a short position in BTC and ETH and closed it the following day, realizing a profit of $1.36 million.<\/span><\/p>\n

Then, Wynn opened a BTC short position, while the other trader went long on BTC and ETH, only to make a profit of $2.54 million on May 26.\u00a0<\/span>Finally, the unknown industry participant opened short positions on the two cryptocurrencies, generating a profit of $1.7 million (<\/span>at least<\/span> on paper).<\/span>\u00a0<\/span><\/p>\n

Some speculated that the mysterious trader might be <\/span>Wynn<\/span> operating from another account to hedge his bets. However, the whale rejected the rumors, <\/span>saying<\/span><\/a>:<\/span><\/p>\n

\u201cNot happy with this post at all. <\/span>Whoever trader 0x2258 is, it is not me <\/span>and<\/span> have<\/span> no clue who <\/span>it is<\/span>.<\/span> I only trade on one HL account <\/span>and<\/span> that\u2019s<\/span> public.<\/span> Don\u2019t <\/span>start spreading<\/span> fake news <\/span>with zero<\/span> proof.\u201d<\/span><\/p>\n

The most recent Lookonchain update, though, paints a painful picture for the whale. It reads that it took him 70 days to build the aforementioned $87 million portfolio (at its peak) but only five days to lose almost all of it.<\/p>\n

James Wynn(@JamesWynnReal<\/a>) has wiped out almost all his profits on #Hyperliquid<\/a>.<\/p>\n

It took him 70 days to go from 0 to $87M+ in profit, and only 5 days to lose almost all the $87M+ in profit.https:\/\/t.co\/IUTpCuzoSB<\/a> pic.twitter.com\/n2p3nftZ3G<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) May 28, 2025<\/a><\/p>\n\n

The post Crypto Whale James Wynn\u2019s $87M Portfolio Wiped Out in 5 Days: A Detailed Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR James Wynn \u2013 an industry participant known across the digital asset space for his high-risk leverage trades \u2013 became the latest rock star of crypto by making some jaw-dropping trades before the latest Lookonchain update revealed a total wipe-out. In a twist, an anonymous trader profited $5.6M in three days by consistently taking the […]<\/p>\n","protected":false},"author":0,"featured_media":69844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69843"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69843"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/69844"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}