James Wynn Faces $3.7 Million Loss in BTC and PEPE Liquidations Amid Market Crash

According to a recent report by COINOTAG dated June 13, trader James Wynn faced another partial liquidation amid a sharp market correction. Wynn’s newly established wallet held significant long positions in Bitcoin (BTC) with 40x leverage and PEPE tokens at 10x leverage. These leveraged positions have already incurred realized losses totaling approximately $1.7 million, alongside an additional unrealized deficit nearing $2 million. This development underscores the heightened risks associated with high-leverage trading strategies in volatile crypto markets, emphasizing the importance of robust risk management for investors.