James Wynn, a prominent crypto trader known as 'moonpig' on Hyperliquid, incurred a $60 million loss in May 2025 due to high-leverage trading. Wynn, who initially gained recognition by transforming a $7,000 investment into $25 million, faced significant setbacks following Bitcoin's price drop on May 23, triggered by geopolitical tensions. Despite the loss, Wynn's account still holds $25 million in profit, leading to his decision to exit perpetual trading. Wynn's experience highlights the inherent risks associated with aggressive trading strategies in the volatile cryptocurrency market. As of May 28, Bitcoin is trading at approximately $108,805, reflecting the ongoing market fluctuations.