"James Wynn" PEPE long position recently shrank by 90%, previously predicted that PEPE's market cap would surpass 69 billion.

BlockBeats News, January 12 — According to Hyperinsight monitoring, trader James Wynn (0x507), who was nearly “bankrupt,” closed out a 10x leveraged PEPE long position today, once again cutting losses. Currently, his total position size has plummeted from $2.45 million a week ago to about $240,000, a decrease of over 90%; his account funds have also fallen from $800,000 to around $35,000. Previously, on January 8, he experienced 12 liquidations, with his position size repeatedly halved. Recently, he has been continuously cutting losses and closing positions, with weekly cumulative losses reaching $640,000. His main holdings are as follows:

25x ETH long: position size $680,000, unrealized loss $150,000 (-116%), average price $3,252, liquidation price $3,110;

10x PEPE long: position size $2.45 million, unrealized loss $450,000 (-73%), average price $0.0062, liquidation price $0.0057;

On January 1, James Wynn publicly predicted that PEPE’s market cap would surpass $69 billion by 2026, and promised to delete his social media accounts if not achieved. The current market cap is about $2.8 billion.