James Wynn Liquidated on 10x DOGE bet, as he prepares to ‘go max long’
The post James Wynn Liquidated on 10x DOGE bet, as he prepares to ‘go max long’ appeared on BitcoinEthereumNews.com.
Crypto millionaire James Wynn said the August market downturn was ending, even after his latest memecoin liquidation by an alleged market maker “cabal.” Wynn was liquidated on his recent 10x leveraged long position that was betting on a Dogecoin (DOGE) price appreciation, losing $22,627, according to blockchain data platform Onchain Lens’ Monday X post. That was a relatively small loss for Wynn, compared to his leveraged $100 million position that was liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000. Wynn blamed his recent liquidation on cryptocurrency market makers who “wiped out” the leveraged long positions, which he said may be a signal for the end of the market correction. Source: Onchain Lens “Timeline bearish and calling for the bear market. Time to go max long,” the millionaire leverage trader wrote in a Tuesday X post. Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier than spot trading. Related: Ether trader nearly wiped out after epic run from $125K to $43M Still, Wynn has realized a $21.7 million total loss on a single account since March 19, when he started trading via wallet 0x5078 on the decentralized exchange Hyperliquid, data from Hyperdash shows. Wynn-related wallet ‘0x5078.’ Source: Hyperdash The latest liquidation came less than two months after Wynn lost almost $25 million on June 5, after being liquidated on a $100 million Bitcoin bet that was opened on June 3. After opening a second $100 million leveraged Bitcoin position, Wynn claimed that orchestrated efforts from major market participants were deliberately targeting his liquidation level. Related: Mystery whale opens $300M leveraged Bitcoin bet: James Wynn alt account? James Wynn blames memecoin ‘cabal’ for extractive practices Wynn blamed the memecoin…
Filed under: News - @ August 27, 2025 2:27 am