From 2.45 million to 240,000: Trader James Wynn's PEPE long position shrinks by 90%, and optimistic predictions also fell short

Trader James Wynn’s account is experiencing a “Waterloo.” In just one week, his holdings have dropped from $2.45 million to $240,000, a decrease of over 90%. Ironically, he publicly predicted on January 1st that PEPE’s market cap would surpass $69 billion by 2026, but reality has given him a harsh slap.

Massive Position Reduction, Account Funds Nearly Depleted

According to Hyperinsight monitoring data, James Wynn (0x507) closed out a 10x leveraged PEPE long position again on January 12th. This once “almost bankrupt” trader is experiencing a new wave of liquidations.

Account Changes Overview

This isn’t the first time James Wynn has faced liquidation. On January 8th, he experienced 12 consecutive liquidations, with his position size repeatedly halved. Just a few days of continuous “cutting losses” have pushed his account funds to a dangerous edge.

Current Position Details

James Wynn still maintains two large long positions, both in deep floating loss:

• 25x Leverage ETH Long: Position size $680,000, floating loss $150,000, loss of 116%. Average price $3,252, liquidation price $3,110, just one step away from liquidation.

• 10x Leverage PEPE Long: Reduced significantly from the original $2.45 million, current floating loss $450,000, loss of 73%. Average price $0.0062, liquidation price $0.0057.

Huge Gap Between Prediction and Reality

What’s most lamentable is James Wynn’s prediction record. On January 1st, he publicly claimed that PEPE’s market cap would surpass $69 billion by 2026, promising to delete his social accounts if not achieved. At that time, PEPE’s market cap was about $2.8 billion, meaning he expected PEPE to grow about 24 times in one year.

How quickly reality slapped him

According to the latest data, PEPE’s current market cap is about $244 million, with a price of $0.000006. This starkly contrasts his optimistic forecast. In fact, PEPE has fallen 14.18% over the past 7 days, and in the last 24 hours, it dropped another 3.09%.

This highlights a key issue: heavily leveraged bets based on overly optimistic assumptions are often vulnerable in the face of market reality.

The Risks of Leveraged Trading

James Wynn’s experience is a typical example of leveraged trading risks:

• High leverage amplifies losses: 10x, 25x leverage means even small price movements can trigger liquidation.
• Continuously adding to positions: Despite floating losses, he maintained large long positions without timely stop-losses.
• Prediction vs. market reality mismatch: Optimistic market forecasts are often completely opposite to actual market trends.

It’s worth noting that James Wynn has recently been promoting a meme token called WYNN, with a market cap of about $2.77 million. This seems to imitate the success model of trader The WhiteWhale. But promoting tokens while his own positions are losing money has already raised market doubts.

Summary

James Wynn’s story reminds us of several key issues: high leverage trading can amplify gains in a short time, but equally can ruthlessly magnify losses. His account funds dropped from $800,000 to $35,000 in just one week, which is not just a numerical change but a reflection of failed risk management. His bold prediction that PEPE would surpass $69 billion market cap now serves more as a cautionary tale. For crypto traders, this case warrants deep reflection: aggressive forecasts combined with aggressive leverage often meet in the most brutal ways.