James Wynn, a notable trader in the cryptocurrency space, has faced another liquidation of his long position in $HYPE. On September 9, 2025, information was tracked by Lookonchain about the liquidation of his long trades, resulting in losses.
Wynn's Recent Liquidation
The most substantial liquidation occurred at a price of $2.247, resulting in a loss of 844.85 HYPE, equivalent to $1,152.98 in USDC. Smaller positions also faced liquidation at similar price levels, further increasing total losses.
Wynn's Trading Strategy and Referral Rewards
James Wynn's trading approach heavily relies on his network of referrals. By onboarding 705 traders, he has accumulated $117,730.74 in referral rewards, which helps fund his ongoing trading activity even after suffering losses from liquidations.
Market Overview and $HYPE's Positive Momentum
Despite these setbacks, the broader market sentiment for $HYPE remains bullish. The token's price has risen from under $47 to $53.38, supported by higher lows and increased trading volume. The $53.40 level acts as a key resistance level, and if broken, $HYPE could see further price increases.
Thus, despite the risks associated with leveraged trades and recent liquidations, James Wynn remains actively engaged in the market. Positive market sentiment surrounding $HYPE may contribute to further growth, but attention to risks remains a crucial aspect of trading.
