That is what shedding $100M appears like

[ad_1] Should you’ve scrolled by means of Crypto Twitter these days, you’ve positively seen one identify popping up in every single place: James Wynn.

And for those who've no clue why persons are speaking about him - ay, we gotchu.

So, James is a dealer who folks began recognizing after he turned $7K in PEPE into $25M.

At his peak, he had over $80M in unrealized good points, largely from memecoins and utilizing INSANE quantities of leverage.

However that is not why he grew to become well-known.

On Could 22, James opened a $1.14B lengthy place on Bitcoin at $108,921 utilizing 40x leverage.

Translation: he was betting the worth would go up, and to open a $1.14B commerce, he solely wanted 1/fortieth of that upfront - the remainder was borrowed.

It began off nice. BTC went up, and James was sitting on a $39M unrealized revenue.

This might've been a loopy success story. However he mentioned, “Let’s go BIGGER,” and pushed it to a $1.25B place.

Then... a Trump tweet nuked the market. Worth dropped. James took a $13M loss and closed the place.

After that loss, James flipped the script - opened a $1B quick at $107,711, betting the worth would go down.

Effectively... it did not. He misplaced one other $15.87M in simply 15 hours.

However he wasn't accomplished but. He re-entered the market with two enormous longs on Bitcoin:

527.29 BTC value $55.3M;

421.8 BTC value $43.9M.

And that was when BTC dropped under $105K - so, each positions received liquidated.

Complete injury? Practically $100M.

So yeah... he went from James Wynn… to James Lose...

(... I’ll see myself out.)

Anyhow, after that, he requested Twitter for assist.

And other people truly despatched him $20K+ in donations (which he promised to pay again).

Then, he did what any one that simply misplaced hundreds of thousands of {dollars} would do... opened one other $100M lengthy with 40x leverage.

😐

His new liquidation value is $103,613 - and BTC got here tremendous shut for a second. James tweeted, “They’re looking me once more?”

Now, why are we speaking about this?

Effectively, first off, as a result of it is wild.

Second, this story is the right instance of the opposite facet of crypto.

Not everybody's right here for disciplined investing - some are right here to gamble. And generally, it ends in desperation.

So, this is what you possibly can study from all this (as a result of pls do not be like James):

1/ Leverage is a double-edged sword.

Certain, 40x leverage could make you wealthy quick - and broke sooner.

Wynn misplaced almost $100 million from a SINGLE liquidation.

That is not a buying and selling mistake - that is a structural threat of utilizing an excessive amount of borrowed cash.

2/ Don’t confuse luck with talent.

Wynn initially received wealthy off memes and good timing.

However luck is not a repeatable technique. His later trades confirmed poor timing, emotional decision-making, and no clear edge - pitfalls for overconfident merchants.