Twenty-Two Liquidations and Counting Crypto trader @JamesWynnReal has now been liquidated 22 times trading S&P 500 perpetual futures on Hyperliquid. Realized losses on the position have reach
Twenty-Two Liquidations and Counting
Crypto trader @JamesWynnReal has now been liquidated 22 times trading S&P 500 perpetual futures on Hyperliquid. Realized losses on the position have reached roughly $73,100, according to on-chain tracker Onchain Lens.The latest liquidation hit on Monday, his fifth in just three days.
Hypurrscan data shows all 22 liquidations occurred between May 13 and August 3, wiping out roughly $1.29 million in notional value, including a single $437,500 liquidation on June 30.
Despite the repeated wipeouts, Wynn continues to hold a 70.50 SP500 short worth about $530,900 at 50x leverage.The current short was entered at 7,418.59 and faces liquidation at 7,548.37, carrying an unrealized loss of $7,900 while overall margin usage sits at 81.5%, leaving $0 available for withdrawal from an account worth just $6,512.
A Dramatic Decline From a $100M Peak
Wynn's all-time loss on the platform stands at $22.07 million, with a 28% win rate across 67 trades. The account has fallen catastrophically from a historical peak of $100 million, a collapse that has played out in public view on the blockchain.
The equity shorts extend a bearish stance Wynn outlined in April, when he paired oil longs with bets against US indexes, saying: "It's going to get a lot worse before getting better. Current trades: LONG: WTI (Oil) obviously. SHORT: S&P500 obviously. BIG SHORT: NASDAQ obviously."
The market has moved the other way, with the S&P 500 gaining over 13% since his call and closing Friday at 7,489.72.Wynn built his original reputation by turning $7,600 into $25 million on the meme coin PEPE before moving to high-leverage perpetuals, where his profile remains publicly tracked.
BeInCrypto: James Wynn Holds Losing S&P 500 Short as Liquidations Reach 22 | Arkham Intelligence: James Wynn Liquidated Shorting S&P 500 | Yahoo Finance: After 200+ Crypto Liquidations, James Wynn Tries TradFi and Falls Flat