Onchain data revealed that Wynn closed all of his PEPE memecoin positions. By closing his trades, the trader earned a total of $25.18 million from these positions.
According to his own statement, James Wynn earned $25 million in PEPE trading transactions, which he started with $7,000 in 2023. This year, he earned another $25 million with the PEPE long transactions he made. In other words, the trader made a total profit of over $50 million in a single token.
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However, although Wynn made a profit from these trading transactions, it should not be forgotten that almost all investors, especially in leveraged transactions and memecoins, suffered losses.
Interestingly, Wynn has made a huge loss on his 40x long Bitcoin position, which he opened at $108,915. In addition to the $1.7 million loss on the currently open position, a funding fee of $4.6 million was paid. If the BTC price drops to $104,770, this position will be liquidated.
*This is not investment advice.
Continue Reading: Giant Whale Trader James Wynn Closes Big Long Position in Surprise Altcoins – Here’s His Profit
