PEPE Surges as Major Trader James Wynn Establishes $1.62M Leveraged Bet with Six-Figure Unrealized Gains

According to OnchainLens blockchain monitoring data from January 3, whale trader James Wynn has initiated a substantial 10x leveraged long position on PEPE during the token’s recent upward momentum. The position details reveal an entry point of $0.005218, with a liquidation threshold set at $0.005381.

The trader’s total capital deployment for this bet reaches $1.62 million, positioning it as a significant market bet. Most notably, the position has already accumulated unrealized profits exceeding $210,000 despite being recently established, reflecting the sharp price movement in PEPE since entry.

This on-chain activity highlights growing whale participation in PEPE trading, as major stakeholders capitalize on the token’s price appreciation. The sizable position and rapid profit realization suggest strong conviction among sophisticated traders regarding PEPE’s near-term direction, potentially signaling increased institutional or high-net-worth individual interest in the meme token.