Crypto trader James Wynn was recently liquidated for approximately $4.8 million on Wednesday, according to blockchain analytics company Lookonchain. Wynn leveraged his positions, opening a 40x long position in Bitcoin (BTC), which he valued at $3.85 million; a 10x long position on KingPepe tokens (kPEPE) worth $917,000; and a 10x position on Hyperliquid (HYPE) valued at $28,000, before losing almost all of his investment by Wednesday. Wynn’s wallet currently shows a balance of $63,133, according to data from the Hypurrscan block explorer. Lookonchain highlights the dangers associated with leveraged trading and the potential for rapid, outsized losses in crypto markets.