- James Wynn liquidated 8 times on high-leverage $PEPE trades.
- Nearly $1M lost in just seven days.
- Wallet now holds only $32K.
Crypto trader James Wynn made headlines this week after suffering a staggering series of losses on $PEPE. In an attempt to capitalize on meme coin volatility, Wynn went long on PEPE with 10x leverage—not once, but eight times. Unfortunately, each position ended in liquidation, costing him close to $1 million in total.
At the start of the week, Wynn was managing a sizeable portfolio. But following a string of aggressive bets and brutal market reversals, only $32,000 remains in his wallet. His story is quickly becoming a cautionary tale in the world of high-risk crypto trading.
PEPE’s Volatility Proves Dangerous with Leverage
PEPE, a meme coin known for its erratic price movements, is a popular target for speculative traders. But leveraging such assets—especially at 10x—leaves little room for error. Just a small dip in price can trigger a liquidation, wiping out an entire position.
Wynn’s repeated use of leverage on such a volatile asset dramatically increased his exposure to downside risk. With no apparent stop-loss strategy, his positions were entirely vulnerable to sudden market swings, resulting in one of the most publicized losses in recent crypto memory.
Traders React and Reflect on the Risks
The crypto community has responded with mixed emotions. Some empathize with Wynn’s loss, while others highlight it as a clear warning against reckless leverage. It also reignites the debate around meme coin speculation and the gambling-like behavior it encourages.
Wynn’s experience underscores a critical truth in crypto: without disciplined risk management, even the boldest traders can face devastating outcomes. Leveraged trading may offer big rewards, but it also carries the potential for total loss.
Read Also :
- James Wynn Loses $1M on PEPE Trades in One Week
- BlackRock Goes Big on Ethereum Over Bitcoin
- Anchorage Digital Acquires 10K+ BTC Worth $1.19B
- TOTAL Crypto Market Signals Breakout Momentum
- SEC Approves In-Kind Process for Spot Bitcoin ETFs
