{"id":1552,"date":"2025-05-30T17:12:49","date_gmt":"2025-05-30T17:12:49","guid":{"rendered":"https:\/\/bitunikey.com\/news\/james-wynn-crypto-losses-mount-as-bitcoin-and-pepe-coin-slips\/"},"modified":"2025-05-30T17:12:49","modified_gmt":"2025-05-30T17:12:49","slug":"james-wynn-crypto-losses-mount-as-bitcoin-and-pepe-coin-slips","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/james-wynn-crypto-losses-mount-as-bitcoin-and-pepe-coin-slips\/","title":{"rendered":"James Wynn crypto losses mount as Bitcoin and Pepe coin slips"},"content":{"rendered":"
\n

James Wynn, the popular high-risk, high-reward crypto trader, has suffered substantial losses as Bitcoin and Pepe plunged.<\/p>\n

Bitcoin (BTC) price dropped from a record high of $111,900 last week to $105,300 on Friday, while Pepe (PEPE) has dived from $0.00001625 to $0.000025.\u00a0<\/p>\n

These declines, while subtle in the crypto industry, led to huge losses for Wynn, a trader who focuses on using high leverage.\u00a0<\/p>\n

Hyperdash data<\/a> shows that Wynn now holds assets worth about $62 million on Hyperliquid. He has a leveraged position on Bitcoin valued at $46.4 million, and one on Pepe worth $16 million. The Bitcoin position has a leverage of 40x, while the Pepe position is also worth $16 million.<\/p>\n

He has used a $1.16 million margin for the Bitcoin trade, which will be liquidated if BTC price falls to $101,911. Similarly, his Pepe trade has a margin of $1.61 million and a liquidation point at $0.0116.\u00a0<\/p>\n

<\/p>\n

More data shows that Wynn has closed three unprofitable trades in the past few days. He closed a leveraged Bitcoin trade on Friday with a net loss of $37 million and a Pepe trade on May 27 with a loss of over $858,580.\u00a0<\/p>\n

The recent liquidations, which totaled about $100 million this week, mark a fall from grace for one of the most popular traders in the crypto industry.<\/p>\n

<\/source><\/p>\n<\/picture>
James Wynn losses | Source: HyperDash<\/a><\/figcaption><\/figure>\n

James Wynn losses mounted as Bitcoin and Pepe slipped<\/h2>\n

These liquidations coincided with Bitcoin and other altcoins falling while traders took profits amid ongoing trade concerns. While a U.S. court ruled that Trump\u2019s tariffs were illegal, another one allowed them to continue for the time being.<\/p>\n

In a separate statement, Scott Bessent, the Treasury Secretary, dampened market sentiment by saying that talks with China had stalled. He believes the only way out of the crisis will be a meeting between Trump and Xi Jinping.<\/p>\n

On the positive side, as we have written before, there are chances that his existing Bitcoin trade will become profitable as the coin has formed a cup and handle and a bullish flag pattern on the daily chart, pointing to an eventual surge in the next few days.<\/p>\n

Similarly, as we wrote here, Pepe price may stage a strong breakout amid whale accumulation. It has also formed a bullish flag and a golden cross pattern on the daily chart.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

James Wynn, the popular high-risk, high-reward crypto trader, has suffered substantial losses as Bitcoin and Pepe plunged. Bitcoin (BTC) price dropped from a record high of $111,900 last week to…<\/p>\n","protected":false},"author":1,"featured_media":506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1552"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1552\/revisions"}],"predecessor-version":[{"id":1553,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1552\/revisions\/1553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/506"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}