James Wynn has been liquidated twice in 24 hours for $982,000, this time shorting S&P 500 perpetual futures. The losses push his career tally past 200 liquidations.

On-chain intelligence firm Arkham flagged the losses on July 1. Another 0.35% rise in the index would end his remaining position.

From Crypto Blowups to S&P 500 Shorts

Wynn has not left Hyperliquid. Instead, his shift into traditional finance (TradFi) swaps Bitcoin (BTC) and meme coin bets for leveraged index perpetuals on the same exchange.

“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.

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The equity shorts extend a bearish stance from April. Back then, he outlined a defensive multi-asset strategy that included shorting US stocks.

Days later, a Bitcoin rally liquidated his 40x short. The blowup collapsed an account that once held $100 million to roughly $900.

A 2.5% rise was all it took. His new S&P 500 short leaves even less room for error.

James Wynn Liquidations Keep Climbing

Wynn entered April with 194 liquidations on record. Six more in two weeks pushed him past 200. One earlier streak, logged by Arkham, packed nine liquidations into two days and left his balance at $500.

The trader built his reputation by turning $7,600 into $25 million on the meme coin PEPE. From there, he moved to high-leverage perpetuals, where his profile remains publicly tracked.

He is not alone on Hyperliquid. Jeffrey Huang, known as Machi Big Brother, has logged 335 recorded liquidations. Meanwhile, Andrew Tate returned with a fresh 40x Bitcoin bet after 107 wipeouts of his own.

The pattern now travels across asset classes. In April, Bitcoin needed a 2.5% move to erase Wynn’s account. The S&P 500 needs just 0.35%.

Source: BeInCrypto