James Wynn Sells $HYPE for $4.13M, Exits Hyperliquid After $17.5M Trading Loss Following $100M Portfolio Peak

On June 02, James Wynn, one of the top crypto traders, exited perpetual (perp) trading after suffering a massive account wipeout. His recent tweet revealed a staggering downfall: a trading journey that started with $4 million, peaked at $100 million, but ended in a total loss of $17.5 million. After Wynn’s tweet, on-chain analytics platform Spot On Chain also reported his sale of 126,116 $HYPE tokens for $4.13 million, netting an estimated profit of $1 million. The move signals a dramatic pivot away from Hyperliquid, a platform popular with high-stakes traders. Wynn’s exit highlights both the volatility of perp trading and its emotional toll.

James Wynn $HYPE Trade Closes with $1 Million Profit

According to Spot On Chain, James Wynn sold 126,116 $HYPE tokens for $4.13 million at an average price of $32.72. The tokens were initially bought on May 9 and May 12 for around $3.13 million, averaging $24.84. This trade netted Wynn an estimated 31.9% profit, approximately $1 million. Spot On Chain noted the timing of the sale. Wynn exited shortly after losing nearly $5.6 million in three days from May 30. 

It also posted that Wynn gained a peak of $83 million profit, but within hours it crashed to a $ 12 million loss within 7 days. The analytics platform also confirmed that Wynn pulled all $USDC from Hyperliquid, ending his position on the platform entirely. The sale of $HYPE may have been Wynn’s final act before announcing his full retreat from leveraged crypto trading.

$100 Million Peak to $17.5 Million Loss

In a widely circulated tweet, Wynn declared, “Approx $4m into $100m and then back down to a total account loss of $17,500,000.” This post summarized the scale of the financial swing. The journey from $4 million to $100 million marked one of the most dramatic runs in recent crypto trading history. However, a sharp decline followed. 

Wynn eventually erased all gains, closing his account with a massive net loss. He added with raw candour, “The time has come for me to return to where I came from. The place that helped carve me into the gigantic degenerate I’am today. The mother f**king trenches.” The statement captures a core ethos in the crypto community, embracing risk, volatility, and the inevitable losses that follow massive highs.

Hyperliquid: Playground for Degens and Whales

Hyperliquid has become a favourite platform among high-frequency crypto traders. Its design allows deep leverage and swift trades, catering to aggressive strategies. For whales like James Wynn, the platform offered a stage to scale positions fast and chase large swings. However, the same traits that enabled Wynn’s climb to $100 million also exposed him to catastrophic downside. Perp trading, known for 24/7 volatility and deep leverage, often leads to extreme financial outcomes. Wynn’s journey, tracked by Spot On Chain over several weeks, serves as a cautionary tale. On May 30, the platform documented its fall from $83 million profit to a $12 million loss in days.

After the James Wynn Fall: What Comes Next?

James Wynn’s tweet signals both an emotional reset and a strategic retreat. Despite ending with a profit on his final $HYPE trade, his losses underscore the high-risk nature of leveraged crypto trading. Many traders admire Wynn for his transparent trading. Public acknowledgement of such a sharp decline is rare in a space that often glamorizes only the wins. His declaration to return to “the mother f**king trenches” signals a return to basics, spot trading or low-risk plays.

Crypto markets continue to draw traders with big ambitions. Hyperliquid and similar platforms remain popular, but Wynn’s story reminds the community of the thin line between glory and collapse. Wynn’s next move remains unclear. For now, his words resonate through the trading world, raw, emotional, and unmistakably real.

The post James Wynn Sells $HYPE for $4.13M, Exits Hyperliquid After $17.5M Trading Loss Following $100M Portfolio Peak appeared first on Coinfomania.