5 degen traders who got absolutely wrecked on perps š„
James Wynn
$550K ā $87M in 70 days
Heavy long $BTC
Liquidated 949 $BTC
All gains evaporated
Satto
Korean crypto livestreamer
291K+ YouTube subs
Lost $330K LIVE on stream
Pure pain broadcasted to the world
Machi Big Brother
145+ leveraged trades on Hyperliquid
15xā25x leverage every time
$77.3M gone in one year
Absolute carnage
Alex Mashinsky
Founded Celsius 2017
Promised 80% returns
Aggressive $CEL buying failed
Withdrawals frozen June 2022
Bankruptcy 30 days later
Rekt an entire platform
James Fickel
Borrowed $172M worth of wBTC
Bet on $ETH/$BTC ratio
Lost $43.7M+
Flippening bet destroyed him
Leverage is a double-edged sword. One wrong move and you're liquidated into oblivion. Risk management > hopium.