Ah, the illustrious crypto whale, James Wynn, has decided to dip his toes into the whimsical waters of meme coins, opening a rather audacious 10x leveraged long position on the delightful Pepe (PEPE), worth a staggering $20 million. How positively thrilling! 🎉
But wait, there’s more! Our dear trader also boasts a rather hefty long position in Bitcoin (BTC) with a cheeky 40x leverage, because why not live dangerously?
Trader Rakes in Over $200,000 with His Daring PEPE Position
According to the ever-reliable Hypurrscan, Wynn’s escapade began on the Hyperliquid platform at a charming entry price of $0.01409. Currently, this position is valued at a delightful $19.7 million. Oh, the suspense!
PEPE’s price has flirted its way up to $0.014233, leaving our whale with an unrealized profit of about $202,954. Not too shabby for a meme, eh? 💸
However, dear reader, all that glitters is not gold! Despite his profits, our intrepid trader is forking out $4,730 in funding fees. And let’s not forget the ominous liquidation price of $0.01096—if PEPE takes a nosedive, it’s curtains for this position!
“I feel safe in Pepe. nfa. Dyor,” Wynn quipped on X, as if that makes it all better.
Wynn, who fancies himself a ‘high-risk leverage trader’ (what a title!), also has a substantial long position in BTC, valued at over $75 million. Because, of course, one must keep the stakes high!
His entry price? A mere $109,699. With the current market price at $109,808, he’s sitting on an unrealized profit of $74,017. But beware, the liquidation level is lurking at $103,420. Tread carefully, dear James!
Like his PEPE trade, Wynn is also paying notable funding fees here, totaling $1,881. This position certainly showcases his bullish stance on Bitcoin, though the high leverage is a recipe for disaster. Market watchers are positively riveted!
“James Wynn just opened a $75 million Bitcoin long. Does he know something we don’t?” analyst Lark Davis mused, as if he’s the oracle of crypto.
Not to be outdone, Wynn’s Bitcoin bet comes right on the heels of a rather unfortunate $13.4 million loss on a short position. Oh, the drama!
“James Wynn closes 9,402.73 BTC ($1 billion) short position at a $13.4 million loss,” Whale Insider reported, shaking their heads in disbelief.
Another analyst, Crypto Beast, revealed that our dear Wynn has lost a staggering $60 million in just four days. Talk about a rollercoaster ride! Data from Lookonchain shows that over the past 75 days, he’s been quite the busy bee on the Hyperliquid platform, executing 38 trades.
Of these, 17 trades were profitable, giving him a win rate of approximately 45%. And let’s not forget the $2.31 million in trading fees he’s graciously paid to the platform. What a generous soul!
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2025-05-26 15:29