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Whale James Wynn sets up a 10x leverage long order for PEPE worth 20 million dollars
The cryptocurrency whale James Wynn has opened a 10x leverage go long position on the meme coin PEPE, worth approximately 20 million USD, with an entry order price of $0.0140 and a liquidation price of $0.0102. According to data from Hypurrscan, this transaction involves 1,388,696,014 PEPE tokens, with a position value of $19,997,222 and a margin of $1,999,722.
Currently, Wynn reports unrealized profits of $434,867, equivalent to an increase of 22.2%, as the market price reaches $0.014404, above the liquidation threshold. However, this position has accumulated a negative funding cost of $876.61.
Besides PEPE, Wynn also opened a leveraged long position on Bitcoin (BTC), with a liquidation price of $103,000. These trades indicate Wynn’s aggressive investment strategy in the cryptocurrency market.