On January 12th, according to Hyperinsight monitoring , trader James Wynn (0x507), who had nearly gone bankrupt, closed out his 10x leveraged long positions in PEPE at a loss. His total open positions have plummeted from $2.45 million a week ago to approximately $240,000, a decrease of over 90%; his account balance has also fallen from $800,000 to around $35,000. Previously, on January 8th, he experienced 12 liquidations, with his positions being halved multiple times. His recent continuous forced liquidation has resulted in a cumulative weekly loss of $640,000. His main positions are as follows:
25x ETH long position: Position size $680,000, unrealized loss $150,000 (-116%), average price $3,252, liquidation price $3,110;
10x PEPE long position: 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 value would exceed $69 billion in 2026, and promised to delete his social media account if this target was not met. The current market value is approximately $2.8 billion.
