Trader James Wynn's PEPE long positions shrink by 90%, with weekly losses reaching $640,000

On January 12, Hyperinsight monitoring showed that trader James Wynn (address 0x507) closed a 10x leveraged PEPE long position today, with his total position size dropping from $2.45 million a week ago to about $240,000, a decrease of over 90%. His account funds fell from $800,000 to $35,000. On January 8, he experienced 12 liquidations, with his position size repeatedly halved. His cumulative losses recently have reached $640,000. The main positions include: a 25x leveraged ETH long position of $680,000, with an unrealized loss of $150,000 and a liquidation price of $3,110; a 10x leveraged PEPE long position of $2.45 million, with an unrealized loss of $450,000 and a liquidation price of $0.0057. James Wynn once predicted that PEPE's market cap would surpass $69 billion in 2026, while the current market cap is about $2.8 billion.