James Wynn’s High-Leverage PEPE Trade: From $65M to $0 in 5 Days

Crypto investor James Wynn experienced a dramatic turnaround in his PEPE trading strategy, turning a modest initial investment into over $65 million. However, within a five-day period, he lost nearly $87 million in unrealized gains on Hyperliquid, leading to a significant wipeout of his fortune. 7.2 trillion PEPE tokens were amassed through Wynn’s early and aggressive entry before the meme coin’s parabolic rise. He leveraged this position with a $199 million PEPE long at 15.18x leverage, ultimately resulting in near-liquidation and substantial losses despite initial profits from spot trading.