According to ChainCatcher, James Wynn, a well-known "bankrupt whale" who lost over $100 million on Hyperliquid six months ago, began going long on PEPE with a $10,000 initial position on December 27. He has continuously increased his position by reinvesting his floating profits. As of now, his floating profit on PEPE is $480,000. After achieving significant floating gains on his PEPE position, he recently opened a new BTC long position with 40x leverage, with a total position size of $5.06 million.
Noted 'Bankrupt Whale' James Wynn Sees 50x Gains in PEPE Position
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Summary
James Wynn, the "bankrupt whale" known for suffering a $100 million loss on Hyperliquid, has reversed his position trading strategy by achieving a 50x gain in PEPE. Starting with $10,000 on December 27, he used floating profits to scale up his position size, and now holds $480,000 in unrealized gains. Wynn recently opened a $5.06 million BTC long position at 40x leverage.
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