James Wynn Closes PEPE and ETH Positions, Exits With $20,000 Profit

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According to Blockbeats, on January 15, trader James Wynn (0x507) closed all his long positions in PEPE and ETH on Hyperliquid, withdrawing approximately $41,000 in funds. His PEPE trade generated a $110,000 profit, while the ETH position resulted in a $160,000 loss. Starting with a $20,000 investment in PEPE, his account reached $900,000 before 12 liquidations reduced his balance. He exited during a market rally, securing a $20,000 profit. Traders continue to closely monitor the ETH price to assess market sentiment.

BlockBeats News, January 15, according to... Hyperinsight Monitoring shows that the trader James Wynn (0x507), who was once close to "bankruptcy," closed all his long positions in PEPE and ETH on Hyperliquid today and withdrew most of his funds from the platform, amounting to approximately $41,000. Among these, his long PEPE position generated a profit of about $110,000, while his long ETH position incurred a loss of $160,000.


This address initially started with a $20,000 long position on PEPE, and the account value once surged to as high as $900,000. However, on January 8th, its position faced 12 consecutive liquidations, with the account value repeatedly halving. Eventually, during today's market rally, the position was fully liquidated, resulting in a final profit of approximately $20,000.


It is worth noting that on January 1st of this year, James Wynn publicly predicted that PEPE's market cap would exceed $69 billion by 2026, and he pledged to delete his social media accounts if the target is not achieved. Currently, PEPE's market cap is approximately $2.54 billion.

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