James Wynn returns with $19M leveraged Bitcoin long, $100K PEPE bet
Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum.
Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin BTC
$117,446l long position worth over $19.5 million at $117,000, which could be liquidated if the price fell below $115,750. Wynn has already incurred $1.4 million worth of funding fees to maintain the position, which has a current unrealized profit of $78,000.
Wynn’s second position is a 10x leveraged long on the popular Pepe PEPE$0.00001243 memecoin, worth over $102,000, was opened at $0.01201, but the position’s liquidation price remains unknown, according to blockchain data from Hypurrscan.
