article 💸📉 Crypto Gambler’s Collapse: James Wynn Deletes X Account After Losing Millions 💸📉

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Summary of the Scandal:

James Wynn, once notorious in the crypto world for his high-risk, leveraged trading tactics, has vanished from social media after reportedly losing almost all of his crypto fortune. His old X profile,

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Key Facts You Should Know:

• James Wynn is believed to have lost hundreds of millions on reckless leveraged bets in crypto markets.

• His wallet now reportedly holds barely $10,000, down from previous nine-digit figures, according to Arkham Intelligence and Hypurrscan.

• His disastrous fall highlights the extreme risks of speculative trading and overconfidence in crypto leverage.

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From Riches to ‘Broke’ in Public View:

Before disappearing from X, Wynn left one final message in his bio: “broke.”
His reputation was built on taking massive leveraged positions — often contradicting market sentiment — which ultimately led to his downfall.
Wynn’s speculative moves became especially infamous through the Hyperliquid platform, where he regularly made some of the largest trades ever recorded.

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The $100M Bet That Broke Him:

In May 2025, Wynn went long on Bitcoin with a $100 million position, only to be wiped out when BTC dipped under $105,000.
This brutal liquidation cost him 949 BTC, further cementing his reputation as crypto’s most reckless gambler.

Not long before the crash, Wynn had even admitted that his strategy wasn’t investing — it was gambling disguised as trading. Despite this, he went straight back in with another $100M Bitcoin bet days later.

At one point, he blamed his losses on market makers deliberately targeting his positions for liquidation.

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Desperate Plea for Donations:

In a bizarre twist, Wynn asked the crypto community for donations to keep him afloat. Reports suggest at least 24 wallets sent funds to support his cause.
But even after liquidating 240 BTC (worth roughly $25M at the time) to reduce his risk, Wynn couldn’t stop the bleeding.

Eventually, his positions collapsed, with over 99% of value lost.

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Why It Matters for the Crypto Community:

James Wynn’s spectacular loss has sparked fierce debate about risk management, trading discipline, and ego within crypto circles.
While some saw him as a cautionary tale from the start, others treated him as an icon of aggressive speculation. His meteoric rise — turning $7K in PEPE tokens into $25 million — only fueled the myth before his eventual crash.

Earlier this year, Wynn started dabbling in perpetual futures and swiftly flipped a $3M position into $100M — but this gamble would also mark his ruin.

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Hyperliquid’s Meteoric Rise Despite Scandal:

Despite Wynn’s failures, Hyperliquid hit an all-time high trading volume of $248 billion in May 2025 — up 51.5% from April’s $187.5 billion.

Year-over-year, Hyperliquid’s growth is staggering:

• +843% increase from $26.3B in May 2024 to this year’s high.

The platform merges the user experience of centralized exchanges (CEX) with on-chain, decentralized infrastructure (DEX) — appealing to traders seeking both speed and transparency.

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Hyperliquid vs. Binance & the Shift in Power:

In May 2025, Hyperliquid accounted for 10.54% of Binance’s perpetual futures volume, a noticeable uptick from 9.76% in April.
Meanwhile, DEX perpetual futures captured 6.84% of global perpetual flow, a dramatic rise from under 2% in 2022.

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What We Can Learn From This:

Wynn’s downfall is a brutal reminder:
Leverage is a double-edged sword.
While platforms like Hyperliquid thrive on volume, individuals like Wynn can burn fortunes chasing impossible gains.

If you gamble in crypto — know when to walk away.