From bankruptcy to profit: Trader turns a $20,000 principal into a BTC and PEPE account soaring to $620,000

【BlockBeats】An interesting trader story is unfolding on the chain. The trader James Wynn (wallet 0x507), who was once on the brink of bankruptcy, recently achieved a remarkable turnaround.

This guy used just $20,000 as capital, and since January, through continuous rolling of BTC long positions and repeated operations with PEPE, he has managed to grow his account value to $620,000. Just this morning, the account even hit a high of $800,000, though he hasn’t closed the position yet. Currently, the total open position size is about $13.95 million.

Let’s break down the specific positions: on the BTC side, he used 40x leverage, with a position size of $11.5 million, an average price of $91,300, and an unrealized profit of $150,000 (a 52% return). The liquidation price is set at $89,600. For PEPE, he opened a 10x leverage position, with a size of $2.45 million, an average price of $0.0055, and an unrealized profit of $450,000 (PEPE has increased by 182%), with a liquidation price of $0.0057.

Not only his main wallet, but his sub-address (0x8da) has also performed well this month. This wallet currently holds long positions in BTC, HYPE, and XRP, with a total size of $7.02 million, an unrealized profit of $390,000, and a return of 154%.

Interestingly, on January 1st, this guy boasted on social media that PEPE’s market cap would reach $69 billion by 2026, and he made a solemn vow—if he didn’t achieve it, he would delete his account. Currently, PEPE’s market cap is around $2.8 billion, still a ways off from his target. Whether this rally can continue to unfold depends on the subsequent market performance.