Odaily Planet Daily reports that James Wynn posted on the X platform stating that he started participating in perpetual contract trading only since March this year and had never seriously traded before, mostly just speculating on MEME coins (he was previously known for discovering PEPE when its market cap was 600 thousand and earning an eight-figure profit). 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 playing around, but the on-chain data was public, and hundreds of thousands of people watched his account’s dramatic rises and falls, so he decided to let himself go. Later, things gradually got out of control. He understood that this was essentially gambling—he wanted to recover losses but was also afraid of being mocked for "not being able to keep 100 million despite earning it," so he got deeper and deeper. The numbers jumping on the screen became a virtual game, and greed completely took over.