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「James Wynn」's PEPE long position has recently shrunk by 90%, after predicting earlier that PEPE's market cap would surpass $69 billion this year
BlockBeats News, January 12th, according to Hyperinsight monitoring, the once nearly "bankrupt" trader James Wynn (0x507) today once again liquidated his 10x leverage PEPE long position, and his total position has plummeted from $2.45 million a week ago to about $240,000, a decrease of over 90%; the account balance has also dropped from $800,000 to around $35,000. Previously, he was liquidated 12 times on January 8th, with his position size halved multiple times. Continuous "ruthless liquidation" has resulted in a total weekly loss of $640,000. His main positions are as follows:
25x ETH long: position size $680,000, unrealized loss $150,000 (-116%), average price $3252, liquidation price $3110;
10x PEPE long: position size $2.45 million, unrealized loss $450,000 (-73%), average price $0.0062, liquidation price $0.0057;
On January 1st, James Wynn publicly predicted that the PEPE market cap would exceed $69 billion by 2026 and pledged to delete his social account if it is not achieved, with the current market cap at around $2.4 billion.
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