James Wynn, famous for his leveraged crypto bets, said he was "back with a vengeance," but was liquidated just one day after opening new positions.
James Wynn, a pseudonymous high-leverage crypto trader, was liquidated for about $4.8 million on Wednesday, according to blockchain analytics company Lookonchain.
Wynn opened up $4.8 million in leveraged positions with $197,000 in stablecoins on Tuesday, Lookonchain reported. “Back with a vengeance, coming to get what’s rightly mine,” Wynn said on Tuesday as he placed his bets.
Wynn opened a 40x long position on 34 Bitcoin (BTC), valued at $3.85M, a 10x long on 122,000,000 KingPepe (kPEPE) meme tokens, valued at $917,000, and a 10x position on 712 Hyperliquid (HYPE), valued at $28,000, before losing nearly all of it by Wednesday.
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