James Wynn, a high-profile crypto trader, has reportedly suffered another significant loss, this time exceeding $1 million, due to a leveraged long position on the memecoin Pepe (PEPE). This information comes from Lookonchain, a blockchain analytics platform. This recent setback leaves Wynn with a mere $14,850 in collateral. The value of PEPE has declined 6.31% in the last 24 hours, exacerbating Wynn's financial woes. This follows a much larger loss of approximately $100 million back in June. High-leverage trading can lead to substantial gains, but also exposes traders to immense risk, as demonstrated by Wynn's experience with the volatile PEPE token. The future remains uncertain for Wynn's crypto trading ventures. ```