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James Wynn's PEPE Long Positions Shrink by 90% Recently, Previously Predicted PEPE Market Value to Exceed $69 Billion
Summary: According to Hyperinsight monitoring, trader James Wynn (0x507), who was on the brink of bankruptcy, has once again closed out his leveraged PEPE long positions, reducing his total position size from $2.45 million a week ago to around $240,000, a decrease of over 90%. His account funds have also dropped from $800,000 to around $35,000. ...
According to Hyperinsight monitoring, trader James Wynn (0x507), who was on the brink of bankruptcy, has once again closed out his leveraged PEPE long positions, reducing his total position size from $2.45 million a week ago to around $240,000, a decrease of over 90%. His account funds have also dropped from $800,000 to around $35,000. Wynn, who faced 12 liquidations on January 8, has been continuously cutting his positions recently, with a total weekly loss of $640,000. His main positions include: 25x ETH long positions with a size of $680,000, unrealized loss of $150,000 (-116%), average price $3252, liquidation price $3110; 10x PEPE long positions with a size of $2.45 million, unrealized loss of $450,000 (-73%), average price $0.0062, liquidation price $0.0057. On January 1, James Wynn publicly predicted that the PEPE market value would exceed $69 billion by 2026, and pledged to delete his social account if it did not happen. The current market value is around $2.8 billion.
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Link: James Wynn's PEPE Long Positions Shrink by 90% Recently, Previously Predicted PEPE Market Value to Exceed $69 Billion [Copy]
