James Wynn's TradFi Encore: Two Liquidations, One Hedge, Zero Mercy 🎯

Hyperliquid trader James Wynn has been liquidated twice in 24 hours for a combined $982,000, this time shorting S&P 500 perpetual futures. The losses push his career tally past 200 liquidations and were flagged by on-chain intelligence firm Arkham on July 1. A further 0.35% rise in the index would wipe out his remaining position.

Rather than exit Hyperliquid, Wynn has shifted from crypto-native bets into leveraged equity perpetuals on the same venue, swapping Bitcoin ($BTC) and meme coin trades for index shorts. "JAMES WYNN LIQUIDATED FOR $1M IN TRADFI. James Wynn appears to have moved on from trading crypto, and is now shorting the S&P500 instead. He has been liquidated twice in the last 24 hours for a total of $982K. If the S&P500 rises 0.35% from here, he will be liquidated again," Arkham indicated on X.

The S&P 500 short continues a bearish posture first outlined in April, when Wynn detailed a defensive multi-asset plan that included shorting US stocks. Days later, a Bitcoin rally liquidated his 40x short, collapsing an account that once held $100 million to roughly $900 with a 2.5% adverse move. The new index position leaves even less room for error.

Wynn entered April with 194 liquidations on record. Six more in two weeks carried him past 200, including one Arkham-logged streak that packed nine liquidations into two days and left his balance at $500. He built his reputation by turning $7,600 into $25 million on the meme coin PEPE, then moved into high-leverage perpetuals where his positions remain publicly tracked.

He is not alone on Hyperliquid. Jeffrey Huang, known as Machi Big Brother, has recorded 335 liquidations, while Andrew Tate returned with a fresh 40x Bitcoin bet after 107 of his own. The pattern now travels across asset classes, with crypto's 2.5% liquidation threshold shrinking to a 0.35% trigger on the S&P 500.