Hyperliquid Whale James Wynn Opens a $20 Million PEPE Trade

Crypto whale James Wynn has opened a significant 10x leveraged long position on the meme coin PEPE, valued at approximately $20 million. 

According to data from Wynn’s public address on Hypurrscan, the trade was initiated at an entry price of $0.0140 per token, and the liquidation price is $0.0102.

Trader Gains $434,867 with 10x Leveraged PEPE Position

As of the latest update shared by Wynn on X (formerly Twitter), his position reflects an unrealized profit of $434,867, equivalent to a 22.2% gains.

The trade involves 1,388,696,014 PEPE tokens, with a position value of $19,997,222 and a margin of $1,999,722 in cross-margin mode. The market price currently stands at $0.014404, providing a buffer above the liquidation threshold. However, the trade has accrued $876.61 in negative funding costs, indicating the cost of maintaining the leveraged position.

In addition to the PEPE trade, Wynn has also opened a leveraged long position on Bitcoin (BTC). The liquidation price is $103,000.