High-leverage crypto trader James Wynn experienced a $4.8 million liquidation within 24 hours after opening substantial leveraged positions on Bitcoin, KingPepe, and HYPE. The loss, reported by blockchain analytics firm Lookonchain, highlights Wynn's ongoing pattern of significant trading setbacks, including a $100 million loss earlier in May 2025. Wynn had deposited $197,000 in stablecoins and utilized up to 40x leverage, which led to rapid liquidation as market conditions shifted unfavorably. His wallet now holds just $71,031, underscoring another major blow in his volatile trading career.