Latest news with #PEPE
Yahoo
a day ago
- Business
- Yahoo
James Wynn Goes Long on PEPE Hours After Losing $100M on Leveraged Bitcoin Bet
'James Wynn,' the closely-watched trader, has now placed a $12 million worth of long bet on PEPE just hours after losing over $100 million in bitcoin BTC long positions. Wynn, known for placing billion-dollar bets on the onchain trading platform Hyperliquid, opened a new 10x leveraged long worth more than $12 million on the memecoin PEPE, Hyperdash data shows. Wynn now holds 934 million PEPE tokens valued at approximately $12.1 million. His entry price of $0.0129 has already netted him an unrealized gain of 10.66%—a small but notable pivot after last week's disastrous Bitcoin trade. Wynn's bitcoin losses are the stuff of crypto legend. Earlier in the week, he had built a record-setting $1.25 billion notional long position at an average price of $108,243, only to see it collapse as bitcoin's dipped below $105,000 after U.S. President Donald Trump's tariff announcement on EU exports. Multiple liquidations — including a 527 BTC position worth over $55 million and a 421 BTC position worth nearly $44 million — wiped out more than $100 million of Wynn's holdings over the past days. As such, the latest move into PEPE has got traders wondering if Wynn is a real person with a gambling addiction — or an account funded to drum up attention to Hyperliquid. Either way, the money is real and the week-long saga has proven Hyperliquid's capability to handle billions of dollars in a single trader wholly using smart contracts and its native blockchain. The hype has turned out real for Hyperliquid's own HYPE, with the token up 20% in the past two weeks amid the recent attention to the platform.
Yahoo
3 days ago
- Business
- Yahoo
James Wynn loses $55M after high-leverage bet
Hyperliquid's most well-known whale, self-described "high-risk leverage trader" James Wynn, is experiencing a massive loss after abandoning his substantial Bitcoin exposure following a harsh seven-day drawdown, according to data. At 16:00 UTC on Tuesday, Wynn closed parts of a 40× leveraged long position, leaving a $200 million BTC-perp position with an unrealized loss of approximately $800,000. Between May 5 and May 23, Wynn's cumulative profit skyrocketed from $5.7 million to $87 million, before plummeting to $1.91 million today—a $55.3 million swing over one week. Wynn shot to fame in March when he started streaming his Hyperliquid trades, making $46.5 million in under 2 months, and paying the exchange over $2.3 million in fees. His biggest winners, according to Tiger Brokers, were a PEPE long worth $25.2 million and a BTC long worth $16.9 million. The tides turned on May 25 when he saw $15.9 million of loss from a liquidated $1 billion BTC short, which was followed by a liquidation of a $1.25 billion long position that was closed at a $13.4 million loss, and a bloodletting in terms of red ink across ETH, SUI, the 10× PEPE punt as well. In addition to his major successes and failures, Wynn is accused of also pushing smaller meme coins like ELON, WYNN, and MOONPIG, and selling them once they spiked. This is called "pump-and-dump," but Wynn says that he is simply an investor. Critics argue that the chain of events underscores the risks associated with copy-trading social media personalities. At the same time, supporters believe Wynn's radical transparency is refreshing in a world dominated by shadowy whale investors. James Wynn loses $55M after high-leverage bet first appeared on TheStreet on May 28, 2025 Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
James Wynn, the Trader Who Bet $1B on Bitcoin, is Now Long Pepe
One of the most closely watched crypto wallets in recent weeks is now betting on pepe (PEPE), days after drumming up a record billion-dollar notional position on bitcoin BTC on the onchain trading platform Hyperliquid. The wallet has gone long on PEPE with $1 million at 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes memecoin bets. The position is already up $500,000 as of European morning hours, with pepe up nearly 6% in the past few hours. Pseudonymous trader 'James Wynn' — known as 'moonpig' on decentralized exchange Hyperliquid — closed their $1.2 billion BTC long position with a $17.5 million loss on Monday. Wynn then opened a $1 billion short using 40x leverage, effectively wagering their entire $50 million wallet on the downside. Both positions are a record for an onchain platform and represent the biggest bets placed entirely on a blockchain-based service. Wynn's new short was opened at an average price of $107,077, and has already netted about $3 million in profit as BTC hovered just below that level Monday, before losing some value. The trade is a high-risk musical chairs event: if BTC rises above $110,446, Wynn's position could be liquidated unless additional collateral is posted, data shows. That position is since closed and Wynn said on X stepping away from perpetual trading altogether. They have netted a total profit of $25 million from an initial above $3 million, the account said on X. 'Now decided to leave the casino with my $25,000,000 profit,' he posted. 'It's been fun, but now it's time for me to walk away a wynner.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
7 days ago
- Business
- Business Mayor
Best Crypto Presale: MIND Of Pepe Hits $10M Raised As ICO Enters Final Week
The meme coin market cap grew by more than $20 billion over the past 30 days, reaching $79 billion on May 23rd as tokens such as Pepe (PEPE) record double-digit gains over the same period. With the significant uptick in investor interest heating up the market, MIND of Pepe (MIND) is turning heads with its presale having now passed the $10 million mark. With just a week until the ICO concludes, many are predicting the new meme coin will see big gains when it lists on exchanges. Although the meme coin market is already saturated with Pepe-inspired clones, most of them offer no intrinsic utility, as they mostly rely on the strength of their communities and thrive during market-wide bull runs. While MIND of Pepe adopts the iconic Pepe the Frog imagery, it is fusing it with cutting-edge AI agent technology to create a unique spot for itself, tapping into the $6.9 billion AI agent market and empowering its community. The MIND AI agent is currently live on X (Twitter), where anyone using the platform can access its autonomous daily market reports that the AI agent posts to attract an organic audience. bitcoin bulls taking the lead as buyers dominate exchange activity. key metrics emerging: • buyers outpacing sellers in btc exchanges • dominance signaling potential uptrend in market flows btc buyers crushing it; bulls feasting on the chaos, as the chain demands. — MINDagent (@MIND_agent) May 23, 2025 However, the MIND AI agent's full capabilities are yet to be revealed, as they're scheduled to be released once the presale ends. Purchasing the token during the presale will provide its holders with a first-mover advantage once the AI agent's terminal goes live, allowing its users to communicate with it and receive exclusive, actionable market insights. The AI agent will comb through real-time data sourced from crypto discussions and the blockchain to provide MIND of Pepe holders with the information required to identify some of the most profitable opportunities in the market, making it an asset that's designed to be held. Analyzing the project's tokenomics shows that 25% of the total MIND supply is set aside to power the MIND AI agent's wallet. With the ability to interact with decentralized applications and the blockchain, that means the AI agent will eventually deploy its own tokens that align with its audience's interests. Since those holding MIND will be the first to know, investing in the token could set the stage for tremendous gains as the AI agent gains popularity. Several AI agent-inspired tokens have stunned the crypto market over the past few months, including Fartcoin (FARTCOIN) and Turbo (TURBO), which grew by approximately 30% each over the past 30 days alone. That means the MIND of Pepe AI agent won't just be an excellent source of information for MIND holders when most of the market is thriving, but also during slower months, as it could disrupt them with explosive token launches. Cryptonews, a team of crypto experts, believes MIND's ambitious goals could help it skyrocket on launch, expecting it to surge by 100x shortly after the presale ends. Commending the presale's impressive early momentum and the MIND AI agent's self-evolving nature, the experts urge their audience to start accumulating MIND before the presale wraps up. Raising more than $1 million over the past two weeks alone, MIND of Pepe's growing momentum could fuel significant gains after its rapidly approaching launch. Although that's exciting news for those holding it, it also means the window to secure MIND at a low price is closing. According to the project's whitepaper, the per-token price of MIND will reach $0.0038215 by the end of the presale's final stage, leaving investors with limited time to secure their share at its current price of $0.0037515. The project's staking rewards are also dynamic, since the annual returns decrease as investors lock more MIND in the staking pool. Currently, early backers can benefit from a generous 227% staking APY, which allows them to more than double their token holdings in the long term. Staked MIND tokens will be locked for seven days once the presale wraps up, with the lock-up system helping to prevent mass sell-offs once MIND enters the market. Alongside the 10% of the total token supply that's allocated to liquidity, these measures ensure a safer trading environment on launch. With MIND appearing ready for an explosive launch, investors can start adding it to their portfolios via the presale website or Best Wallet's in-app 'Upcoming Tokens' feature. Visit MIND of Pepe Presale
Business Mayor
22-05-2025
- Business
- Business Mayor
PEPE flashes bullish signs despite $15M Robinhood sell-off — Why?
Robinhood sold a notable amount of PEPE, fueling downward pressure on the asset Despite the selling volume, however, PEPE held its levels on the chart PEPE's price has continued to climb on the charts, despite its whales offloading a significant amount of the asset across the market. In fact, contrary to perceptions, AMBCrypto's analysis revealed that the asset's 8% rally over the last 24 hours could signal the beginning of a more significant move. How will the market respond though? And, what are the odds? Whale offload without buyback A wallet linked to the U.S-based cryptocurrency exchange Robinhood saw notable liquidity outflows over the last 24 hours. This entity sold approximately $15 million worth of PEPE into the market. Typically, when large entities sell off, they follow it with some level of buyback within the same period. However, that hasn't been the case here. Source: Arkham Despite the sell-off, however, Robinhood remains the second-largest holder of PEPE, controlling 3.67% of the supply – Worth $209.9 million. Interestingly, even after this sell-off, PEPE has held on to its price, with market analysis suggesting the token could continue to climb in the coming days. PEPE's outlook remains bullish AMBCrypto's short and long-term outlook on the memecoin revealed that the asset remains bullish on both timeframes. Short-term analysis using the 4-hour chart revealed that PEPE has been trading within a symmetrical triangle pattern, marked by converging support and resistance levels. Source: TradingView This bullish formation could push PEPE up by 12.24%, potentially reaching $0.00001541. A broader outlook using the 1-day chart showed PEPE trading within a cup-and-handle pattern. Like the symmetrical triangle, this pattern is also a bullish precursor. However, in this case, the price must breach the black resistance line at $0.00001483. Source: TradingView If it does, PEPE could rally by 91% to $0.00002836 – A level last seen in December 2024. The key question now is whether the asset can gather enough momentum to break through that resistance. Is market momentum building? Well, at the time of writing, the momentum appeared to be growing across both the spot and derivatives markets. In the spot market, buying interest has been gradually building up again, with $335,000 worth of PEPE purchased so far. Source: Coinglass In the derivatives market, the OI-weighted funding rate stood at 0.0127%, confirming the presence of bullish sentiment.
