🙈James Wynn was liquidated, losing 1.7 million USD due to long BTC, PEPE
On June 13, Onchain Lens data indicated that whale James Wynn was partially liquidated due to a sudden drop in the crypto market. He opened a long position on Bitcoin with a 40x leverage and PEPE with a 10x leverage but could not withstand the strong fluctuations.
James Wynn recorded an actual loss of 1.7 million USD and is still facing an unrealized loss of about 2 million USD, facing the risk of further forced selling.
This is a valuable lesson in risk management and the importance of caution when using high leverage in a volatile market like crypto.
