「James Wynn」's PEPE long position has recently shrunk by 90%, previously predicting PEPE's market cap would surpass 690 billion

January 12 — Per HyperInsight monitoring (via their Telegram channel), James Wynn, a trader once on the brink of bankruptcy (address: 0x507), liquidated his 10x leveraged PEPE long position again today. His total position size has plummeted from $2.45 million a week ago to roughly $240,000 — a drop of over 90%. His account balance has also fallen from $800,000 to around $35,000. Previously, on January 8, he faced 12 liquidations, with his position size halved multiple times. Continuing his recent streak of liquidations, his cumulative weekly loss has hit $640,000. His key positions include: - 25x ETH long: Position size $680,000, unrealized loss $150,000 (-116%), average entry price $3,252, liquidation price $3,110; - 10x PEPE long: Position size $2.45 million, unrealized loss $450,000 (-73%), average entry price $0.0062, liquidation price $0.0057; On January 1, Wynn publicly predicted PEPE’s market cap would exceed $690 billion by 2026 and vowed to delete his social media accounts if it failed to do so. Its current market cap is around $28 billion.