James Wynn’s Crypto Trading Losses Mount as Bitcoin adn Pepe Prices Drop
James Wynn, a well-known crypto trader, has faced significant losses as Bitcoin and Pepe prices fell. Bitcoin’s price dropped from $111,900 to $105,300, while Pepe’s value decreased from $0.00001625 to $0.000025. These declines hit Wynn hard, given his high-risk trading strategy.
Wynn’s current assets on Hyperliquid are worth about $62 million. He has a $46.4 million leveraged position on Bitcoin and a $16 million position on Pepe.Teh Bitcoin trade has a 40x leverage, with a liquidation point at $101,911.Pepe’s liquidation point is at $0.0116.
Wynn has closed three losing trades recently.He lost $37 million on a Bitcoin trade and over $858,580 on a Pepe trade. These liquidations total about $100 million this week.
These losses come as Bitcoin and altcoins fall, with traders taking profits amid trade concerns. A U.S. court ruled Trump’s tariffs illegal, but another allowed them to continue. Treasury Secretary Scott Bessent said talks with China have stalled.
Though, there’s hope for Wynn. Bitcoin has formed a cup and handle and a bullish flag pattern, suggesting a potential surge. Pepe may also see a strong breakout due to whale accumulation and bullish chart patterns.
