COINOTAG News, citing Onchain Lens data from December 24, reports that James Wynn has scaled a Bitcoin long to 40x leverage, with the notional exposure near $1.48 million.

Simultaneously, Wynn opened a fresh PEPE long at 10x leverage, representing roughly $117,000 in notional exposure, according to the tracker. The moves underscore persistent appetite for high-leverage bets among a subset of traders, while amplifying risk in a volatile crypto landscape.