Hyperliquid Whale James Wynn Takes $20 Million PEPE Long Position

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Crypto whale James Wynn opened a 10x leverage long position in the meme coin PEPE, worth approximately $20 million.

According to Hyperscan's open address data for Wynn, the trade started at an entry price of $0.0140 per token, with a liquidation price of $0.0102.

Trader Earns $434,867 from 10x Leverage PEPE Position

According to the latest update shared by Wynn on X (formerly Twitter), his position reflects an unrealized profit of $434,867, which represents a 22.2% return.

I feel safe in $pepe ๐Ÿธ ๐Ÿ’š

nfa. dyor. pic.twitter.com/d7p3lAV6Zx

โ€” James Wynn ๐Ÿณ (@JamesWynnReal) May 26, 2025

This trade involves 1,388,696,014 PEPE tokens, with a position value of $19,997,222, and a margin of $1,999,722 in cross margin mode. The current market price is $0.014404, providing a buffer above the liquidation threshold. However, the trade incurs a negative funding cost of $876.61, indicating the cost of maintaining the leverage position.

In addition to the PEPE trade, Wynn has also opened a leverage long position in Bitcoin (BTC), with a liquidation price of $103,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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