Home / Business and Economy / Crypto Trader Wiped Out 22 Times on S&P 500 Shorts
Crypto Trader Wiped Out 22 Times on S&P 500 Shorts
4 Aug
Summary
- Trader liquidated 22 times, incurring roughly $73,100 in realized losses.
- Despite losses, trader maintains a large short position with 50x leverage.
- S&P 500 has gained over 13% since the trader's bearish call in April 2026.
Crypto trader James Wynn experienced 22 liquidations on S&P 500 perpetuals on Hyperliquid between May 13 and August 3, 2026. These events resulted in realized losses of about $73,100 and wiped out over $1.29 million in notional value. His current account balance stands at just $6,512 after his fifth liquidation in three days on Monday, August 4, 2026.
Wynn's strategy involved shorting the S&P 500, a position initiated at 7,418.59 and subject to liquidation at 7,548.37. This approach has proven costly, as the S&P 500 has gained over 13% since his bearish call in April 2026, reaching numerous record highs. His all-time platform losses now total $22.07 million.
Despite the continuous market movements against his positions, Wynn has maintained a large short position, currently valued at approximately $530,900 with 50x leverage. A market move of less than 2% against his position triggers liquidation, with the index closing Friday only 0.8% below his liquidation price.
