According to on-chain intelligence firm Arkham, James Wynn has been liquidated twice in 24 hours for $982,000, this time shorting S&P 500 perpetual futures. The losses push his career tally past 200 liquidations, extending a pattern of repeated trading failures across multiple asset classes. As reported by Arkham, another 0.35% rise in the index would end his remaining position, highlighting the precarious nature of his current trading strategy. The losses were flagged by Arkham on July 1, demonstrating the ongoing challenges facing the trader's diversified approach.
Wynn has not abandoned cryptocurrency trading entirely but has shifted his focus from Bitcoin and meme coin bets to leveraged index perpetuals on the same Hyperliquid exchange. According to Arkham's analysis, the equity shorts extend a bearish stance that began in April, when he outlined a defensive multi-asset strategy including shorting US stocks. His new S&P 500 short leaves even less room for error, requiring only a 0.35% rise to trigger another liquidation, compared to the 2.5% move that previously collapsed his account. The trader appears to have moved from crypto-focused trading to traditional finance (TradFi) swaps, maintaining his high-leverage perpetual strategy across different asset classes.
Wynn built his trading 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. As reported by Arkham, he entered April with 194 liquidations on record, with six more in two weeks pushing him past 200. An earlier streak logged by Arkham packed nine liquidations into two days and left his balance at $500. The trader's account once held $100 million but was reduced to approximately $900 after a Bitcoin rally liquidated his 40x short position. The 2.5% Bitcoin move that erased his account in April now pales in comparison to the 0.35% S&P 500 move that could trigger his next liquidation.
Wynn is not alone on Hyperliquid, as reported by Arkham, with Jeffrey Huang (known as Machi Big Brother) logging 335 recorded liquidations. Meanwhile, Andrew Tate returned with a fresh 40x Bitcoin bet after 107 wipeouts of his own. The pattern now travels across asset classes, with Bitcoin needing a 2.5% move to erase Wynn's account in April, while the S&P 500 requires just 0.35% to trigger another liquidation. This demonstrates the escalating risk profile as traders move from crypto to traditional finance perpetuals, with the same leverage-heavy approach creating similar liquidation risks across different markets.
