Crypto trader James Wynn has been liquidated 22 times trading S&P 500 perpetuals on Hyperliquid, with realized losses on the asset reaching roughly $73,100, according to on-chain tracker Onchain Lens.

The latest liquidation hit on Monday, his fifth in just three days. Despite the repeated wipeouts, Wynn continues to hold a 70.50 SP500 short worth about $530,900 at 50x leverage.

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James Wynn has now been liquidated 22 times on $SP500.

His latest liquidation occurred 40 minutes ago.

His realized losses on the asset have reached ~$73.1K.

Despite the repeated liquidations, Wynn still holds a 70.50 $SP500 short worth ~$530.9K at 50x leverage.

• Current… pic.twitter.com/2pBU7w5czK

Hypurrscan data shows that all 22 liquidations occurred between May 13 and August 3. The events wiped out roughly $1.29 million in notional value, including a single $437,500 liquidation on June 30.

His position sizes have shrunk as the account drains, from over 85 units in late June to 17.6 units in the latest event.

The current short was entered at 7,418.59 and is subject to liquidation at 7,548.37. It carries an unrealized loss of $7,900, while overall margin usage is 81.5%, leaving $0 available for withdrawal from an account worth just $6,512.

His broader record remains deeply negative. Wynn’s all-time loss on the platform is $22.07 million, with a 28% win rate across 67 trades.

The equity shorts extend a bearish stance Wynn outlined in April, when he paired oil longs with bets against US indexes.

“It’s going to get a lot worse before getting better. Current trades: LONG: WTI (Oil) obviously. SHORT: S&P500 obviously. BIG SHORT: NASDAQ obviously,” he said.

The market has moved the other way. The market has moved the other way. The S&P 500 has gained over 13% since his call, closing Friday at 7,489.72. The index has notched 23 record highs in 2026, per Creative Planning strategist Charlie Bilello.

At 50x leverage, a move of under 2% against the position triggers liquidation. The index closed Friday just 0.8% below Wynn’s liquidation price, and its latest record high already sits above that level.

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The post James Wynn Holds Losing S&P 500 Short as Liquidations Reach 22 appeared first on BeInCrypto.

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