Trader James Wynn, known for his previous transactions and the gargantuan long location he opened in Bitcoin, made a consuming pass this present day, constant with onchain info.
Onchain info revealed that Wynn closed all of his PEPE memecoin positions. By closing his trades, the trader earned a entire of $25.18 million from these positions.
In step with his absorb assertion, James Wynn earned $25 million in PEPE procuring and selling transactions, which he started with $7,000 in 2023. This year, he earned but any other $25 million with the PEPE long transactions he made. In other words, the trader made a entire profit of over $50 million in a single token.
Nevertheless, even if Wynn made a profit from these procuring and selling transactions, it’s going to also still no longer be forgotten that nearly all investors, in particular in leveraged transactions and memecoins, suffered losses.
Curiously, Wynn has made a extensive loss on his 40x long Bitcoin location, which he opened at $108,915. To boot to the $1.7 million loss on the currently commence location, a funding fee of $4.6 million used to be paid. If the BTC designate drops to $104,770, this location will seemingly be liquidated.
*Here is never any longer investment recommendation.
