James Wynn, the trader whose daring and leveraged bets on the Hyperliquid platform grabbed the attention of the crypto community this month, has suffered a complete liquidation.

Data from HyperDash reveals that Wynn’s account balance was slashed to just $23 after a rollercoaster month filled with risky moves.

Known for placing enormous leveraged trades across Bitcoin (BTC), the memecoin PEPE, and various other tokens, Wynn’s aggressive strategy ultimately backfired.

His downfall started with a staggering $1.25 billion long position on Bitcoin that collapsed as prices tumbled below $105,000 amid increasing geopolitical tensions. That trade alone cost Wynn over $37 million, factoring in fees.

Not deterred, Wynn pivoted to memecoins like PEPE, where an initial gain of more than 10% was wiped out by rapid market swings, resulting in another liquidation.

Over the course of the month, Wynn’s portfolio spanned assets such as Ethereum (ETH), SUI, TRUMP tokens, and even the notoriously volatile FARTCOIN. At one point, his unrealized profits peaked at a remarkable $85 million.

In response to the liquidation, an account linked to Wynn posted on X, shrugging off the loss: “I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game,” the message read. “I took a large and calculated bet at making billions.”