James Wynn Exits Bitcoin Trading, Enters $1 Million PEPE Bet
James Wynn, known as "moonpig," has made significant trading moves recently:
- Exited a $1.2 billion long position on Bitcoin, incurring a loss of $17.5 million.
- Opened a $1 billion short position with 40x leverage, briefly gaining $3 million before closing the trade.
- Announced retirement from perpetual trading after achieving a profit of $25 million from an initial wallet of $3–4 million.
- Entered a $1 million leveraged long position on PEPE, gaining $500,000 as the token rose nearly 6%.
Wynn stated he is leaving the trading scene with his profits, referencing his previous peak of $87 million.