Hyperliquid trader “0xa523” has surpassed James Wynn to become the platform’s largest losing whale, racking up more than $40 million in losses in less than a month, onchain data shows.
According to Lookonchain, which detailed the trader’s downfall in a Tuesday post on X, the slide was fueled by a series of high-leverage missteps. The most costly came from a $39.66 million loss on Hyperliquid (HYPE), after he sold 886,287 tokens just before the asset rebounded. If held, that position would now be worth nearly $9 million more.
The pain didn’t stop there. The trader burned through over $35 million on a long Ether bet, flipped to a short, then lost another $614,000. His current Bitcoin short is also deep in the red, showing an unrealized $1.8 million loss, according to Hyperdash data.
Hyperdash further reports that the wallet is currently managing a $152 million position with 28.69x leverage, logging a combined monthly loss of $39.5 million. Margin usage sits at 114.74%, with the account fully exposed to shorts.
James Wynn’s $23M Loss Eclipsed by Whale 0xa523’s Blowup
Whale trader “0xa523” has overtaken James Wynn as Hyperliquid’s biggest loser, after a string of failed trades pushed his monthly losses past $40 million. By comparison, Wynn posted a $23.6 million loss last month.
Wynn briefly vanished from social media in July, deactivating his X account after changing his bio to a stark “broke.” He returned days later with fresh high-risk bets, including a $19.5 million Bitcoin long at 40x leverage and a $100,000 PEPE long at 10x.
The trader first captured attention in late May when a $100 million leveraged Bitcoin position was liquidated, followed soon after by another $25 million wipeout on June 5. Wynn later alleged that large players in the market had deliberately targeted his liquidation levels.
Andrew Tate’s Hyperliquid Losses Climb to $726K
It’s not just whale traders taking hits on Hyperliquid. Andrew Tate, the former kickboxing champion and controversial influencer, has racked up more than $726,000 in cumulative losses on the platform.
Last week, Tate opened a long position on World Liberty Financial (WLFI)—a token tied to the Trump family—that was liquidated for a $67,500 loss. The setback came less than two weeks after a 3x leveraged short on Kanye West’s YZY token also unraveled.
