James Wynn's Confession: Realizing He Had Long Lost Control, Yet Afraid of Being Ridiculed Even as He Tried to Recover Losses

BlockBeats News: On June 6, James Wynn posted on social media that he started participating in perpetual contract trading only since March this year. Before that, he had never seriously traded, at most just speculated on MEME coins. Within just one month, he rolled over 3 million USD to 100 million USD, then lost it all within a week on HyperLiquid. At that time, he was just messing around, but the on-chain data was public, and hundreds of thousands of people watched his account fluctuate wildly, so he decided to let himself go. Later, things gradually got out of control. He understood that this was essentially gambling, wanting to recover losses but also afraid of being mocked for "not being able to keep 100 million even after earning it," so he got deeper and deeper. The numbers flashing on the screen became a virtual game, and greed completely took over.