James Wynn returns with a 50x leveraged short on the S&P 500.

Prominent on-chain trader James Wynn (@JamesWynnReal) has re-entered the market with an aggressive position: a 50x leveraged short on the S&P 500, sized at roughly $224,000 notional. The trade was flagged via HypurrScan, which tracks perpetuals activity on-chain.

The liquidation price sits at $7,470.7 — meaning the position survives only if the index stays well below that level. At 50x, even a modest move against the trade would trigger a wipe. Wynn's return to high-leverage directional bets will be watched closely by traders who follow his on-chain activity as a sentiment signal.

Source: [HypurrScan Beta](https://hypurrscan.io/address/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6#perps)