Trader who made $25 million on PEPE just went all-in on this crypto
Cryptocurrency trader James Wynn has closed out his highly successful position on meme coin PEPE, locking in over $25 million in profits and shifting attention to Bitcoin (BTC). Wynn, known for his aggressive trading style and high-risk strategies, saw his stake in PEPE generate a staggering $25.19 million gain. Now, shifting his entire focus and capital, the trader has pivoted to Bitcoin, which recently hit an all-time high above $111,000. Particulars of the trade indicate that Wynn opened a long position of 11,588 BTC, valued at approximately $1.25 billion, according to the latest on-chain data retrieved by Finbold from Lookonchain on May 24, James Wynn Bitcoin long position. Source: Lookonchain Notably, he employed 40x cross leverage, making this one of the largest known individual long exposures in the current market. However, the trade carries significant risk. Wynn’s liquidation price is $105,180, placing him precariously close to the current ma...