2026-01-15 14:08:12

## Cascading Liquidations: ETH and PEPE of James Wynn Succumb to Downward Movement

On-chain activity monitoring recorded a new episode of volatility when James Wynn's positions in Ethereum (ETH) and Pepe (PEPE) experienced partial liquidations during this week's market correction.

According to updated data, ETH is trading at $3.37K with a 2.26% rebound in 24 hours, while on-chain PEPE records a decline of -6.68% in the same period. It was precisely this bearish pressure that caused collateral issues.

**How the cascade of liquidations occurred**

The PEPE position was initially closed with gains, a seemingly favorable outcome. However, the margin insufficiency that followed the price drop ended up liquidating both this position and other similar ones held by the trader.

Events like these are common in volatile markets, where rapid loss of value can turn theoretical gains into critical margin situations. For leveraged crypto positions, especially in lower-cap altcoins like on-chain PEPE, the risk of liquidation always looms during abrupt corrections.

James Wynn's case adds to other recent mass liquidation events that have marked the beginning of this more turbulent market cycle.

ETH-1,78%

PEPE-5,99%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.