Trader James Wynn Fully Liquidated After $1.25 Billion BTC Bet
Trader James Wynn has been fully liquidated, ending the month with $23 in his account. Key points include:
- Wynn gained attention for high-risk leveraged trades on various tokens, including BTC and PEPE.
- He suffered significant losses starting with a $1.25 billion long position on BTC, costing him over $37 million as prices fell below $105,000.
- Wynn attempted to recover by trading memecoins like PEPE, initially seeing gains before subsequent liquidations.
- Throughout the month, he traded assets including ETH, SUI, TRUMP, and FARTCOIN, achieving unrealized gains of up to $85 million at one point.
- In response to the liquidation, Wynn expressed confidence in future trading, indicating a willingness to continue despite losses.