James Wynn admits to overleveraging, succumbing to the spotlight effect, leading to a meltdown in the end.

BlockBeats News, August 10th, James Wynn published a post summarizing, stating, "There is no such thing as a mistake in this world, only lessons. In my life, anything considered a mistake or failure, I always learn from it. The biggest recent lesson was turning 3 million dollars into 100 million dollars and then losing it all in front of everyone."

"That period was very intense—adrenaline rushing, chaotic, and insane. I smiled, laughed facing it. This is another lesson—over-leveraged, blinded by all the 'attention,' completely lost control of emotions. I don't want to change anything that happened. Even if you took me back to that moment, to choose to cash out, I wouldn't. I value this lesson more. Money is limitless, everywhere, easy to make."

"You cheered for me when I reached 100 million dollars, and you laughed at me when I fell to the bottom, because you know, you will never see, feel, or earn 1 million dollars. Never. That's why 1% of people hold 99% of the wealth, and why the rich get richer—because 99% of people simply don't have that capability. That's the brutal truth. Money is not real."