This is what losing $100M looks like

For those who’ve scrolled by Crypto Twitter these days, you’ve undoubtedly seen one identify popping up in every single place: James Wynn.

And in case you’ve no clue why persons are speaking about him – ay, we gotchu.

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

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

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

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

Translation: he was betting the value would go up, and to open a $1.14B commerce, he solely wanted 1/fortieth of that upfront – the remaining 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 stated, “Let’s go BIGGER,” and pushed it to a $1.25B place.

Then… a Trump tweet nuked the market. Value 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 value would go down.

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

However he wasn’t carried out 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 beneath $105K – so, each positions acquired liquidated.

Complete harm? Almost $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 who 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 searching me once more?”

Now, why are we speaking about this?

Nicely, 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 typically, it ends in desperation.

So, this is what you’ll be able to 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 quicker.

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 acquired 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.

3/ By no means commerce with cash you’ll be able to’t afford to lose.

If you must beg Twitter for cash to commerce… take a break.

4/ Crypto is not a recreation.

Social media rewards spectacle. Markets don’t.

Simply because somebody posts screenshots of 7-figure bets doesn’t suggest they know what they’re doing – or that it is sensible to repeat them.