James Wynn, a trader known for high-leverage crypto bets, was liquidated twice within 24 hours for a total of $982,000 while shorting S&P 500 perpetual futures on Hyperliquid. On-chain intelligence firm Arkham flagged the losses on July 1, noting that a further 0.35% rise in the index would trigger another liquidation. Wynn's pivot into traditional finance (TradFi) follows a history of over 200 liquidations, including a massive collapse in April when a Bitcoin rally liquidated his 40x short, wiping out an account once worth $100 million to roughly $900. The latest move extends a bearish stance he outlined in April, which included shorting US stocks. Wynn previously built a reputation by turning $7,600 into $25 million on the meme coin PEPE before moving to high-leverage perpetuals. His liquidations continue to climb, now surpassing 200, and he joins other notable figures on Hyperliquid like Jeffrey Huang (Machi Big Brother) with 335 liquidations and Andrew Tate with 107. The pattern highlights the risks of high-leverage trading across asset classes, with the S&P 500 now requiring only a 0.35% move to wipe out his remaining position.

Key facts

• James Wynn liquidated twice in 24 hours for $982K shorting S&P 500 perpetual futures.
• A 0.35% rise in the S&P 500 would trigger another liquidation of his remaining position.
• Wynn's career liquidation tally now exceeds 200, following a history of high-leverage crypto trades.
• He previously turned $7,600 into $25 million on PEPE, then lost most of it in April's Bitcoin rally.
• Other Hyperliquid traders like Machi Big Brother and Andrew Tate have similar liquidation records.

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