? An anonymous trader, who recently gained fame for a successful Ethereum trade, lost nearly all of his capital in just two days.
His long ETH position was liquidated for $6.22 million, leaving only $771,000 in his accounts — whereas just recently he had millions in profit.
According to reports, the liquidation occurred on the Hyperliquid platform, known for its high liquidity and significant leverage options. With 40x leverage, a price drop of just around 2.5% from the entry level is enough to trigger liquidation.
However, this trader is not the only one facing such issues.
Another well-known case is the story of James Wynn, who lost $100 million in just a few days due to the liquidation of his Bitcoin positions. In May 2025, his $100 million long BTC position was liquidated when Bitcoin’s price fell below $105,000.
He sadly wrote on X (Twitter): “The truth is, I am completely ruined.”
Despite these losses, Wynn continued trading, highlighting both the psychological appeal of crypto trading and the difficulty of distinguishing smart strategy from recklessness.
⚠️ Such cases emphasize the importance of risk management and a conscious approach to using leverage in crypto trading.
For a more detailed analysis of James Wynn’s story and his liquidation experience, we recommend watching the video.
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