Renowned trader James Wynn has made a substantial move, closing his entire PEPE holdings, according to onchain data analysis. This action led to a profit of $25.18 million, showcasing the gains he realized from this altcoin speculation. Wynn’s earlier investment in Bitcoin also yielded significant profits, ultimately leading to a total profit exceeding $50 million within a single token. However, while Wynn achieved success with his PEPE trades, it’s important to remember that many investors faced losses due to leveraged trading and memecoin volatility. Notably, Wynn has incurred substantial losses on his 40x long Bitcoin position, which was opened at an initial cost of $108,915. This position is currently exposed to liquidation if the BTC price falls below $104,770. The trade highlights the inherent risks associated with high-leverage investments.