On January 15th, according to Hyperinsight monitoring, James Wynn (0x507), a trader who had nearly gone bankrupt, liquidated all his long positions in PEPE and ETH on Hyperliquid and withdrew most of his funds, approximately $41,000, from the platform. His PEPE long positions yielded a profit of approximately $110,000, while his ETH long positions incurred a loss of $160,000.
The address initially started with a long in PEPE with approximately $20,000, and the account balance once climbed to a high of $900,000. However, on January 8, its holdings were liquidated 12 times in a row, with the size of the position being halved multiple times. Finally, it liquidated its entire position and exited the market today during a market rally, realizing a final profit of approximately $20,000.
It's worth noting that on January 1st of this year, James Wynn publicly predicted that PEPE's market capitalization would exceed $69 billion by 2026, and pledged to delete his social media accounts if this target was not met. Currently, PEPE's market capitalization is approximately $2.54 billion.
