James Wynn Once Again Lost Due To Betting On Bitcoin And PEPE With Excessive Leverage

Bitcoin trader James Wynn has become the latest victim of excessive leverage trading as his wallet was liquidated for over 2 million dollars on June 13th. This wallet, newly created and heavily deployed on long BTC (Bitcoin) and PEPE positions, now only holds 122,000 dollars. As market conditions turned hostile, James Wynn's high-risk strategy has become a cautionary tale. The Liquidation of BTC and PEPE by James Wynn Signals Major Selling Pressure Between 08:02 and 09:11 UTC, a series of forced liquidation orders weakened James Wynn's position. These were not ordinary liquidations—rather, they were rapid sell orders of significant volume triggered by consecutive margin call orders on Bitcoin (BTC) and PEPE. The blockchain analysis platform Lookonchain confirmed the transactions as "Market Order Liquidation: Closing Long Position," highlighting Wynn's exposure to extreme volatility.

The biggest hit occurred when James Wynn's long position of 23.19 BTC, worth $2.42 million, was liquidated at $104,632, wiping out a large part of his portfolio. In just a few minutes, additional Bitcoin positions of 18.55 BTC and 14.84 BTC were also wiped out, resulting in a loss of more than $70,000. The PEPE side of the portfolio is no less devastating. Wynn saw 131.4 million kPEPE tokens liquidated at $0.011368, losing $140,118. Smaller PEPE tranches, 67 million, 39 million, and 27 million tokens, were wiped out in succession, each recording five-figure losses. All in all, the collapse of Bitcoin and James Wynn's PEPE has become one of the most powerful unraveling of the day. James Wynn's Wallet Exposes Dangerous BTC And PEPE Leverage According to Lookonchain, James Wynn maintains a long-term trend of 200% with an astonishing leverage of 30.16 times. His total BTC and PEPE positions amount to 3.68 million dollars, while his margin utilization rate has surged to 146.09%, indicating a severe overexposure situation. Wynn's BTC buy order started at $106,318, but with Bitcoin currently at $103,170, his liquidation level of $101,798 is in danger. The total unrealized loss on BTC is $76,000, while his PEPE trades have decreased by $207,129, all indicating an unsustainable risk profile. James Wynn currently faces an astonishing ROE of 159.03% in his trades. The financing fees only add to his losses. The total Bitcoin financing cost is -$70,746, and PEPE increased by -$1,341. No withdrawal transactions have been recorded, and Wynn's wallet is still completely affected by the ongoing volatility of BTC and PEPE. Whale Moves in Bitcoin and PEPE Increase Pressure As the collapse of James Wynn was occurring, the broader Bitcoin and PEPE market showed signs of volatility driven by whales. A few hours before Wynn's liquidation, another large whale sent 1,000 BTC (106 million dollars) to Binance, continuing the trend of capital outflow on an organizational scale that has been present since April 2024. Meanwhile, a separate whale sold 609 billion PEPE ( worth $6.43 million ) on Binance. This is another step in the massive accumulation and liquidation cycle worth $27.6 million, tracked by Spot On Chain. The actions of this whale have caused the price of PEPE to drop 13.4% in 24 hours, currently at $0.00001065, and added further pressure on the already unstable Bitcoin price.

James Wynn's strong bets on BTC and PEPE serve as a serious reminder of the risks associated with excessive leverage trading. As his positions nearly collapsed entirely, all eyes turned to whether this ambitious Bitcoin whale could recover or be completely wiped out.