James Wynn’s Crypto Luck Runs Out as Bitcoin, PEPE Collapse
James Wynn, a well-known crypto trader who is known for his bold, high-risk moves, has been beaten up this week. As prices declined for Bitcoin and Pepe coin (PEPE), Wynn’s highly leveraged positions started to unravel with huge losses.
Bitcoin fell about 7% from its all-time high of $111,900 to about $105,300 recently. PEPE also plunged 9% from $0.00001625 to $0.00001475. Though these are minor movements in the grand scheme of crypto, for the likes of Wynn, who trades with ultra-high leverage, they were sufficient to initiate cataclysmic damage.
The data on HyperDash shows that Wynn currently holds around $62 million in crypto positions on Hyperliquid. His Bitcoin long is worth $46.4 million, backed by just $1.16 million in margin, and…
