Hyperliquid whale James Wynn wipes out $100M in a week

James Wynn, a whale trader on the decentralized exchange Hyperliquid, has reportedly racked up losses of $100 million over the past week. According to on-chain analyst @EmberCN on X, Wynn once held $87 million in unrealized gains but ultimately erased even his principal, losing approximately $17.67 million. His latest BTC and PEPE long positions, opened with $3.25 million in margin, were closed at a $2.79 million loss, leaving him with just $460,000.