BlockBeats News, January 15th, according to Hyperinsight monitoring, trader James Wynn (0x507), who was nearly “bankrupt,” fully liquidated all PEPE and ETH long positions today on Hyperliquid and withdrew most of the funds from the platform, approximately $41,000. Among them, the PEPE long position made a profit of about $110,000, while the ETH long position incurred a loss of $160,000.
This address initially started with about $20,000 in long PEPE, and the account funds once soared to a high of $900,000. However, on January 8th, its positions experienced 12 consecutive liquidations, with the scale repeatedly halved, and finally exited during today’s market rally, realizing a final profit of about $20,000.
It is worth mentioning that on January 1st this year, James Wynn publicly predicted that PEPE’s market cap would surpass $69 billion by 2026, and promised to delete his social accounts if not achieved. Currently, PEPE’s market cap is about $25.4 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spark Protocol's January delisting of rsETH proves prudent as Aave faces ETH liquidity crisis
Spark Protocol's strategy of delisting low-usage assets and tightening collateral has faced initial backlash but proved wise during market turmoil. While maintaining higher interest rate caps, SparkLend ensures liquidity, unlike Aave, which now faces significant risks.
GateNewsJust Now
Ethereum Processes 200M Transactions in Q1 2026, Up 43% QoQ
Ethereum experienced its highest quarterly transaction volume in Q1 2026 with over 200 million transactions, marking 43% growth from the previous quarter. Layer 2 solutions and stablecoin usage drove this surge, indicating a utility-focused adoption trend.
GateNews13h ago
Ethereum Co-founder Lubin: AI Will Be Critical Turning Point for Crypto, But Tech Giant Monopoly Poses Systemic Risk
Ethereum co-founder Joseph Lubin emphasized the transformative potential of AI for the cryptocurrency sector while cautioning against the risks of centralization among tech giants. He envisions AI-driven autonomous transactions on blockchain and highlights the convergence of traditional finance with DeFi.
GateNews14h ago
ETH falls below 2350 USDT
Gate News bot message, Gate market shows that ETH has fallen below 2350 USDT, with the current price at 2349.73 USDT.
CryptoRadar16h ago
