High-leverage crypto trader James Wynn was liquidated for $4.8 million after opening leveraged positions with $197,000 in stablecoins. Wynn had a 40x long position on 34 BTC, a 10x long on 122M kPEPE tokens, and a 10x position on 712 HYPE tokens, losing nearly all by Wednesday. His wallet balance was $63,133.

Wynn is famous in the crypto community for making and losing hundreds of millions through leveraged crypto trading. He was liquidated for $100 million in May and took another $100 million leveraged BTC position later. The second position was also liquidated, prompting Wynn to deactivate his social media account and take a break from high-leverage trading.

Read more at Cointelegraph: James Wynn, High-Stakes Leveraged Crypto Trader, Liquidated Once Again