「James Wynn」's PEPE long position has recently shrunk by 90%, previously predicting PEPE's market cap would surpass 69 billion this year

BlockBeats News, January 12th, according to Hyperinsight monitoring, the trader James Wynn (0x507), who was once on the brink of "bankruptcy," once again liquidated his 10x leverage PEPE long position today. Currently, his total position has plummeted from $2.45 million a week ago to about $240,000, a decrease of over 90%; the account balance has also dropped from $800,000 to around $35,000. Previously, on January 8th, he was liquidated 12 times, with his position size halved multiple times. He has recently been continuously liquidating his positions, and his total weekly loss has reached $640,000. His main positions are as follows:

25x ETH long: Position size $680,000, unrealized loss $30,000 (-116%), average price $3252, liquidation price $3110;

10x PEPE long: Position size $240,000, unrealized loss $10,000 (-73%), average price $0.0062, liquidation price $0.0057;

On January 1st, James Wynn publicly predicted that the PEPE market cap would exceed $69 billion by 2026 and pledged to delete his social account if this target was not met; the current market cap is about $24 billion.