James Wynns $25 Million Loss: A Partial Liquidation Shake-Up in the Hyperliquid World

Self-proclaimed «king of perpetual futures,» James Wynn, has experienced a partial liquidation, suffering a loss of 240 BTC (approximately $25 million).

According to Lookonchain, the trader also manually closed a portion of his position to lower his liquidation price.

Data from Hypurrscan indicates that his open position exceeds 776 BTC (around $81 million).

Shortly before the partial liquidation, Wynn made an urgent appeal to the community for a “rescue buy” of cryptocurrency.

He entered the long position at a price of $106,066. With Bitcoin currently around $104,480, his unrealized loss exceeds $1.2 million. The position will face liquidation if the price of the leading cryptocurrency falls to $103,950.

Wynn’s connection to Hyperliquid remains ambiguous. Wintermute founder Evgeny Gaevoy speculated that he might have acted as a “paid actor” to draw attention to the platform.

For reference, the current long position with a leverage of 40x was initiated on June 3. Following a rise in the price of digital gold, Wynn expanded his investment from $100 million to $140 million.

This took place just days after a similar liquidation occurred when Bitcoin dropped below $105,000.