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James Wynn liquidated 22 times on SP500 as losses reach $22.07 million

James Wynn liquidated 22 times on SP500 as losses reach $22.07 million

On-chain data from Arkham, Onchain Lens and Hypurrscan show repeated Hyperliquid S&P 500 perpetual liquidations through Monday, cutting Wynn's account to about $6,500 after a prolonged bearish equity bet.

HYPE

Fact Check
The originating Onchain Lens X post (https://x.com/OnchainLens/status/2084129742467572060) states verbatim: 22 liquidations on $SP500, latest 40 minutes ago, ~$73.1K realized losses, 70.50 $SP500 short worth ~$530.9K at 50x leverage, and Lifetime PnL -$22.07M. Every figure in the claim matches this primary source exactly. PANews and Odaily reproduce the same figures citing the same source, and Lookonchain independently corroborates the repeated-liquidation pattern. The claim's $22.07 million refers to Wynn's lifetime PnL, consistent with the source.
Summary

Trader James Wynn has been liquidated 22 times on S&P 500 perpetual positions on Hyperliquid between May 13 and Monday, including forced closures on four straight days from Friday through Monday, according to Arkham, Onchain Lens and Hypurrscan data. Realized losses on the asset were roughly $73,100, while the liquidations erased about $1.29 million in notional value. Wynn still held a 70.50 SP500 short worth about $530,900 at 50x leverage, entered at 7,418.59 with liquidation at 7,548.37, as his account value stood near $6,512. His all-time loss on Hyperliquid was $22.07 million across 67 trades with a 28% win rate, marking a sharp reversal for a trader whose capital had previously risen to as much as $100 million through crypto trading.

Terms & Concepts
  • Perpetuals: Leveraged derivative contracts without expiry that track an underlying asset, such as the S&P 500, and can trigger liquidation if margin is insufficient.
  • Liquidation: The forced closure of a leveraged position by a trading platform when losses deplete posted margin below required levels.
  • Hyperliquid: A decentralized perpetuals trading platform where traders take leveraged long and short positions using on-chain collateral.