James Wynn crypto losses mount as Bitcoin and Pepe coin slips
James Wynn, the popular high-risk, high-reward crypto trader, has suffered substantial losses as Bitcoin and Pepe plunged.
Bitcoin (BTC) price dropped from a record high of $111,900 last week to $105,300 on Friday, while Pepe (PEPE) has dived from $0.00001625 to $0.000025.
These declines, while subtle in the crypto industry, led to huge losses for Wynn, a trader who focuses on using high leverage.
Hyperdash data shows that Wynn now holds assets worth about $62 million on Hyperliquid. He has a leveraged position on Bitcoin valued at $46.4 million, and one on Pepe worth $16 million. The Bitcoin position has a leverage of 40x, while the Pepe position is also worth $16 million.
He has used a $1.16 million…
