Wynn's S&P 500 Short Continues to Haemorrhage Value Amid Market Rise
Crypto trader James Wynn is stuck in a precarious position on the S&P 500 through Hyperliquid, having absorbed 22 liquidations since May 13th. His current short of 70.50 SP500 units sits $7,900 underwater with a liquidation price of 7,548.
The position was entered at 7,418.59 with approximately $530,900 in notional exposure and has resulted in total realised losses of around $73,100. Wynn's account balance has dropped to $6,512 from positions that once exceeded $1 million in notional value.
Across all Hyperliquid activity, Wynn has accumulated $22.07 million in all-time losses and a 28% win rate over 67 recorded trades. He built his profile by converting $7,600 into roughly $25 million trading the meme coin PEPE, but that gain largely evaporated in a 94% drawdown in May 2025.