According to BlockBeats, on January 12, prominent trader James Wynn (0x507) has suffered substantial financial setbacks following aggressive leveraged trades. ๐ณ
Wynn, who previously teetered on the edge of near-bankruptcy, recently closed a 10x leveraged position on PEPE, slashing his total holdings from $2.45M last week to just $240Kโa staggering 90%+ decline. ๐ His account balance also plummeted from $800K to around $35K, marking a brutal week in trading. โก
Earlier this month, on January 8, Wynn endured 12 liquidations, significantly depleting his portfolio. The cumulative weekly losses have reached approximately $640,000. ๐
His primary positions include a 25x leveraged ETH trade with a $680K holding, currently showing a floating loss of $150K (-116%), and a 10x leveraged PEPE position, originally valued at $2.45M, now down $450K (-73%). โ ๏ธ Average prices and liquidation levels were dangerously close, with ETH averaging $3,252 (liq at $3,110) and PEPE averaging $0.0062 (liq at $0.0057).
Earlier, Wynn confidently predicted that PEPEโs market cap would surpass $69B by 2026, even promising to delete his social media if the target wasnโt met. Today, $PEPE stands at only $2.8B, highlighting the volatile reality of leveraged crypto trading. ๐๐
๐ก Takeaway: Wynnโs journey is a stark reminder of the risks of high-leverage positions and the importance of risk management. Even seasoned traders are not immune to the marketโs volatility. โก๐ฐ
Stay informed, trade smart, and always protect your capital. ๐ก๏ธ๐น
#PEPEโ #CPIWatch #USTradeDeficitShrink #USNonFarmPayrollReport #StrategyBTCPurchase
