Massive Cryptocurrency Bet by James Wynn: 40-fold Leverage on Bitcoin, 10-fold on Pepe Coin
Heard about the crypto whale, James Wynn, stirring things up with his penchant for Bitcoin (BTC) and Pepe Coin (PEPE)? He's been making waves though his aggressive long positions, joining other big players, as BTC broke new ATHs, according to recent reports.
Playing it Cool After a Rocky Ride for James Wynn
After catchy headlines about liquidations targeting James, he's back in the game, under a new alias to evade the "cabal market makers." Lookonchain revealed on the 11th, that the top-notch trader has kept betting on Bitcoin and Pepe Coin, with 40x long on BTC and 10x on Pepe Coin.
Check out his new wallet address 0xbc47 - it's raking in an unrealized profit of over $2 million. A closer look at his latest transactions shows he's closed long positions on kPEPE perpetuals worth $1 million.
The Whales Aren't Scared: Big Players Piling Up on Bitcoin
According to Arkham Data, a whale (bc1q57) just withdrew 307.5 BTC ($33.79 million from Binance) and now boasts a hefty stack of 2,307 BTC ($252.86 million). Another whale, 0x1f25, dropped 7.5 million USDC stablecoins into Hyperliquid to siege Bitcoin, as per Lookonchain. With an unrealized profit of almost $5.72 million, the whale has another 2.35 million USDC up its sleeve.
Currently, Bitcoin's trading sideways after hitting the $109,438 mark. The big question on everyone's mind? The US CPI inflation data release by the US Department of Labor Statistics tonight at 6 PM UTC.
Meanwhile, Pepe Coin is up 1.5% in the past day and nearly 3% in a week, with the price sitting pretty at $0.00001280. Volume's surged 32% over 24 hours, indicating Pepe Mania's far from over!
- Investors like James Wynn, despite his recent run-ins with market makers, continue to show an interest in both Bitcoin and stablecoins, as evident by his 40x long position on BTC and his withdrawal of 7.5 million USDC to target Bitcoin through Hyperliquid.
- Amidst the volatile finance world, big players remain undeterred in their investing strategies, with one whale holding over $252.86 million in Bitcoin and another investing $33.79 million in Bitcoin on Binance, indicating a stable interest in Bitcoin ETFs and other cryptocurrencies like Pepe Coin.
