After a complete liquidation, James Wynn reopened PEPE at 10x length, only to face another wipeout just hours later.
High-leverage cryptocurrency trader James Wynn has gained widespread notoriety for his fluctuating fortune, repeatedly making and losing hundreds of millions through leveraged bets in cryptocurrency futures markets.
Market chaos appears to have struck again as Wynn’s new bet on PEPE collapsed within hours, continuing a brutal series of crypto liquidations.
The risky PEPE bet ends in more liquidations
In her latest tweet, on-chain analytics platform Lookonchain I mentioned That Wynn suffered a complete liquidation during the recent market decline, which also led to the partial liquidation of fellow trader “Machi Big Brother,” which has now lost over $53 million on Hyperliquid in the past month.
Despite the setback, Wynn reopened a 10x long position on the PEPE token shortly after, only to face another partial liquidation less than six hours later. The rapid sequence of losses comes amidst turbulent market conditions and a massive decline in the prices of both top crypto assets as well as meme coins.
After the third liquidation, Lookonchain tweeted:
“Again! James Wen and Big Brother Machi were both liquidated in the latest market crash! These two are like brothers in arms – they never give up their long positions, yet they always get wiped out.”
Controversy over internal activism
Blockchain analytics company Bubblemap recently open That Wynn’s meme coin project, YEPE, may follow a familiar and troubling pattern. Once hailed for turning a modest $7,000 PEPE bet into millions, Wynn’s trading history has once again come under scrutiny for potential insider activity. According to Bubblemap analysis, approximately 60% of YEPE’s supply is concentrated among insiders, many of whom operate wallets funded through the same centralized exchanges such as LBank, KuCoin, and MEXC. This looked like a coordinated accumulation effort.
The report also claimed that trader coin promotions are typically accompanied by influencer-driven hype cycles designed to attract retail demand while insiders quietly unload their holdings.
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Although Wynn remains one of the most controversial figures in the cryptocurrency space and has attracted accusations of manipulation, he continues to receive public support from major players in the industry. Critics warn that such support could normalize inward-dominated markets and allow artificial momentum to masquerade as organic societal growth.
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