James Wynn and Machi Big Brother Liquidated in Crypto Market Crash

Two well-known crypto traders, James Wynn and Machi Big Brother, have once again faced major liquidations during the latest market downturn. On-chain data shows both traders suffered heavy losses. After maintaining aggressive long positions amid a sharp price drop.

James Wynn’s Losses on $kPEPE

According to data from Hyperliquid, James Wynn’s wallet faced multiple liquidation events on October 17. While trading the meme coin PEPE. The token’s price successively wiped out his long positions throughout the day as it slid below key support levels. Transaction records show Wynn’s largest liquidation involved over 9.79 million kPEPE, worth about $66,000. It led to a loss of nearly $3,800 USDC in that single position. 

Several smaller liquidations followed within hours. This brings his total loss for the day to several thousand dollars. Despite the system liquidating him multiple times, Wynn reportedly reopened a 10x long position on PEPE shortly afterward. But less than six hours later, that position was partially liquidated again. It leaves him with about 39.2 million kPEPE, valued at around $271,000. This pattern mirrors Wynn’s recent trading activity. Repeated attempts to catch market rebounds have resulted in significant losses.

Machi Big Brother’s Ethereum Setback

Machi Big Brother, another well-known trader, also faced a string of liquidations on Hyperliquid during the same market crash. His portfolio included large Ethereum long positions. Many of which were liquidated as ETH prices fell below $3,800. On-chain data shows Machi’s positions were closed in rapid succession. In one trade, 206 ETH worth nearly $787,000 was liquidated. 

Several others ranging from 130 to 260 ETH each follow it. In total, he lost tens of thousands of USDC in a matter of hours. Before the crash, Machi had sold all his 1.64 million PNKSTR tokens at a 65% loss. It is freeing up funds to increase his ETH leverage. He later deposited 47 ETH (around $186,000) into Hyperliquid to expand his positions. A move that ended badly when the market turned against him.

From Massive Profits to Deep Losses

Just months ago, Machi Big Brother was one of Hyperliquid’s most profitable traders. He boasts more than $43 million in cumulative gains. But his recent trades have erased those profits. According to Lookonchain, his current account balance has fallen to $32,800, with over $13 million in realized losses. In the past month alone, he reportedly lost more than $53 million.

James Wynn has faced a similar streak of misfortune. Known for his bold trading style, the market has repeatedly liquidated Wynn while he was holding large leveraged positions on meme coins like PEPE. Both traders have become known for their high-risk strategies. Often doubling down during market dips rather than cutting losses.

A Harsh Reminder of Market Volatility

The back-to-back liquidations of two prominent traders show the risks of leveraged trading in volatile markets. Even experienced investors can face rapid losses when prices swing sharply. While Wynn and Machi continue to take new positions despite repeated liquidations. Their recent performances underscore how unpredictable and unforgiving the crypto market can be. Especially during sudden downturns. As volatility remains high, market watchers are keeping a close eye on both traders’ next moves on Hyperliquid. Whether they can recover from their latest wipeouts is something still need to see.