His previously made and Bitcoin’de Trader James Wynn, known for his gigantic Long position, made an interesting move today, according to Onchain data.
Onchain data, Wynn’s whole PEPE He revealed that he closed his positions. With the closure of the transactions, Trader has achieved $ 25.18 million from these positions in total.
According to his own statement, James Wynn had achieved $ 25 million in 2023 with $ 7,000 in Pepe Trading. This year, with the Pepe Long transactions, it has achieved another $ 25 million. In other words, Trader made a total of more than 50 million dollars in a single token.
However, although Wynn has made a profit from these trading processes, it is important to remember that almost all investors have damaged in leveraged transactions and memecoins.
Wynn, the 40X Long Bitcoin position opened at $ 108,915, has suffered greatly. In addition to $ 1.7 million damage in the open position, the funding fee was paid in addition to $ 1.6 million. If the price of BTC falls to $ 104,770, this position will be liquidated.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/dev-balina-trader-james-wynn-surpriz-altcoindeki-buyuk-long-pozisyonunu-kapatti-iste-elde-ettigi-kar/
