Trader James Wynn admitted he "got carried away" after losing 100 million dollars in a month.

James Wynn, a famous anonymous trader known for turning investments in memecoins into millions of dollars, has just revealed that he lost 100 million dollars in just a few days after a series of risky leveraged trades on the Hyperliquid platform.

Wynn, who gained attention by turning a $7,000 investment in the memecoin PEPE into over $25 million, shared his story on Friday on social media X.

In a candid post, he stated that he started trading perpetual futures in March, despite having no prior experience with derivative instruments.

"I started trading derivatives in March and had never done so before, in fact, I had never traded seriously. I had only traded memecoin," he wrote.

From memecoin to millions of dollars, then into chaos

The initial lack of experience did not hinder Wynn — at least not in the early stages. In just one month, Wynn turned a $3 million position into $100 million through a series of high-leverage trades.

All of his successes can be tracked on-chain, quickly attracting attention. The number of his followers on social media skyrocketed as traders tried to imitate or follow his positions.

However, this newfound popularity has become a double-edged sword. Wynn admits that the pressure of being in the spotlight has distorted his judgment.

"With all this new attention, my trading activity has gone out of control. I really have been gambling. I became greedy. I no longer take the numbers on the screen seriously."

Transparency has turned James Wynn from a star into a typical warning

In mid-May, Wynn built a Long position in Bitcoin worth $1.25 billion, making a big bet with an average entry price of about $108,243.

This position is executed with a leverage of up to 40 times, making even the slightest mistake can have serious consequences. When US President Donald Trump posted a tweet threatening to impose tariffs on the European Union, global markets immediately reacted strongly. The price of Bitcoin fell below Wynn's liquidation level, wiping out almost his entire position in a series of chain losses.

This dizzying reversal has shocked many in the crypto community and made Wynn a controversial figure. Some praise him as a symbol of modern trading, while others accuse him of reckless gambling or even market manipulation.

Dinh Dinh