Renowned for his dramatic ups and downs in crypto trading, James Wynn has once again made headlines for his risky moves in the market. After experiencing a complete liquidation, he reopened a 10x long position on the meme token PEPE, only to face yet another liquidation within hours. This latest event extends a troubling history of rapid liquidations for Wynn amidst volatile market conditions.

Risky PEPE Bet Ends in Additional Liquidation

Recently, on-chain analytics platform Lookonchain reported that Wynn was completely liquidated during a market downturn, impacting fellow trader Machi Big Brother, who has reportedly lost over $53 million in the last month on Hyperliquid. Despite these losses, Wynn attempted to rebound by betting on PEPE, but this decision quickly led to another liquidation less than six hours later.

Lookonchain’s Commentary

Following Wynn’s third liquidation, Lookonchain remarked,

“Once again! Both James Wynn and Machi Big Brother got liquidated in the latest market crash! These two are like brothers in arms – never giving up on their longs, yet always getting wiped out.”

Translation: Once again! Both James Wynn and Machi Big Brother got liquidated in the latest market crash! These two are like brothers in arms – never giving up on their longs, yet always getting wiped out.

Insider Activity Under Fire

Blockchain analytics company Bubblemap recently highlighted troubling patterns regarding Wynn’s latest project, YEPE. Once applauded for transforming a $7,000 PEPE investment into millions, Wynn’s recent trading activities are now scrutinized for possible insider trading patterns. Bubblemap’s findings indicate that nearly 60% of YEPE’s supply is held by insiders, raising concerns over a potentially orchestrated accumulation strategy.

Wynn’s promotional tactics often coincide with influencer buzz, leading to accusations that he is manipulating market demand while simultaneously shedding his own holdings during these hype cycles.

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Despite ongoing skepticism regarding his trading methods, Wynn still garners support from significant figures in the industry. Critics caution that such endorsements could normalize markets driven by insider trading and create an illusion of genuine community growth.