Trader James Wynn has closed his account on X after substantial losses in the financial markets. Known for his high-risk strategy, Wynn is now left without an active social media presence.
Closure of James Wynn's Account
Searching for Wynn's old username 'JamesWynnReal' on X now returns an error message stating, 'This account doesn’t exist.' Right before deactivation, he changed his profile description to 'broke.'
High-Stakes Trading Strategy
Wynn was known for placing high-leverage bets that often went against the broader market trend. His approach attracted much attention and scrutiny from fellow traders. He relied on Hyperliquid for high-stakes bets and leveraged the resulting social media engagement.
Crypto Market and Its Losses
In May, Wynn faced a potential loss of about $100 million as Bitcoin's price fell below $105k, triggering liquidation of 949 BTC, effectively erasing over 99% of his second $100 million position.
Wynn's account closure signals serious losses in his trading practice. His experience highlights the risks associated with high-leverage betting and poor risk management.
