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On January 12, #PEPE , according to Hyperinsight monitoring, trader James Wynn (0x507), who was nearly "bankrupt," closed out and cut losses again today with a 10x leverage PEPE long position. Currently, his total holdings have plummeted from $2.45 million a week ago to about $240,000, a decrease of over 90%; his account funds have also fallen from $800,000 to around $35,000. Previously, on January 8, he experienced 12 liquidations, with his position size repeatedly halved. Recently, he has been continuously "cutting losses" and closing positions, with his weekly cumulative loss reaching $640,000. His main holdings are as follows:
25x ETH long: position size $680,000, unrealized loss $150,000 (-116%), average price $3,252, liquidation price $3,110;
10x PEPE long: position size $2.45 million, unrealized loss $450,000 (-73%), average price $0.0062, liquidation price $0.0057;
On January 1, James Wynn publicly predicted that PEPE's market cap would surpass $69 billion by 2026 and promised to delete his social media accounts if not achieved. The current market cap is approximately $2.4 billion.