James Wynn confessed on social media that he started perpetual contract trading in March this year without prior serious experience, initially just playing with MEME coins. Within one month, he leveraged $3 million to $1 billion but lost it all within a week on HyperLiquid. His trading was public on-chain, attracting tens of thousands of viewers as his account value soared and then crashed. He admitted that the situation spiraled out of control, realizing it was essentially gambling. He struggled between wanting to recover his losses and fearing ridicule for losing the $1 billion, which led him to take greater risks. The fluctuating numbers became a virtual game dominated by greed.

<p>BlockBeats News, June 6th, James Wynn posted on social media, stating that he had just started participating in perpetual contract trading since March this year. He had never seriously traded before, at most just played around with MEME coins. In just one month, he leveraged $3 million to $1 billion, and then lost it all in a week on HyperLiquid. At that time, he was just playing around, but the on-chain data was public. Tens of thousands of people watched his account skyrocket and then plummet, so he just let go. Later, things gradually got out of control. He realized that this was essentially gambling. He both wanted to recover his losses and was afraid of being mocked with "You can't even hold on to $1 billion earned," so he dug himself deeper. The fluctuating numbers on the screen turned into a virtual game, and greed completely took over.</p>

James Wein Confesses: The Out-of-Control Experience from $3 Million to $1 Billion Contract Deals

James Wein Confesses: The Out-of-Control Experience from $3 Million to $1 Billion Contract Deals