A Hyperliquid trader has suffered one of the platform’s biggest losses to date. James Wynn, known for his high-stakes bets and memecoin trades, lost nearly $100 million in two days after Bitcoin dropped below $105,000. The cascading liquidation wiped out 949 BTC, making it one of the most extreme events in Hyperliquid trader history.
The case highlights the danger of ultra-high leverage, especially during volatile Bitcoin moves.
Hyperliquid Trader Liquidated for 949 BTC in Two Days
According to Hypurrscan, the Hyperliquid trader saw two massive long positions erased:
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The first, worth $55.3 million, was liquidated at $104,950
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The second, worth $43.9 million, was triggered at $104,150
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A prior loss on May 29 totaled 94 BTC, valued at around $10 million
Altogether, the Hyperliquid trader lost nearly $100M in under 48 hours. It’s a brutal reminder of how fast things unravel when trading on extreme margin.
$1.25 Billion Long Still Open Despite Loss
Despite his staggering losses, the Hyperliquid trader hasn’t stopped. Wynn still holds an open $1.25 billion long position, initiated on May 24 with 40x leverage at $107,993. As of now, he’s sitting on an unrealized loss of $3.4 million — and if Bitcoin continues to fall, even more pain could be ahead.
“I’m not a trader. I’m a player,” said Wynn — and the numbers seem to prove it.
Hyperliquid Trader Culture Under the Microscope
This event again puts the spotlight on Hyperliquid trader behavior. The platform has surged in popularity thanks to its high-leverage vaults, transparent PnL dashboards, and decentralized derivatives tools.
But as Wynn’s experience shows, even the most aggressive Hyperliquid trader can get wiped out in a flash if risk is poorly managed.
