「James Wynn」 Liquidates PEPE and ETH Long Positions, Ultimately Profits $20,000 on Exit

BlockBeats News, January 15th, according to Hyperinsight monitoring, trader James Wynn (0x507), who was once on the brink of “bankruptcy,” today liquidated all his PEPE and ETH long positions on Hyperliquid and withdrew most of the funds from the platform, about $41,000. The PEPE long position made a profit of about $110,000, while the ETH long position incurred a loss of $160,000.

The address initially started longing PEPE with about $20,000, and the account funds once peaked at $900,000. However, on January 8th, his position experienced 12 consecutive liquidations, with the scale being halved multiple times. Finally, during today's market rally, he exited his positions, realizing a final profit of about $20,000.

It is worth mentioning that on January 1st this year, James Wynn publicly predicted that the PEPE market cap would exceed $69 billion by 2026 and promised to deactivate his social account if it did not materialize. Currently, the PEPE market cap is about $25.4 billion.