According to Lookonchain, James Wynn (@JamesWynnReal) immediately used a $481.42 referral reward to open a 40x leveraged short position on Bitcoin (BTC), resulting in a further $113.55 loss today (source: Lookonchain, June 8, 2025). This trade highlights the risks associated with high-leverage crypto trading, especially during volatile periods, and may signal caution for traders considering similar strategies. Real-time data from hypurrscan.io confirms the transaction, emphasizing the importance of risk management in leveraged BTC short positions for day traders and scalpers.