According to Lookonchain, James Wynn created a new wallet six days ago and initiated aggressive leveraged trades, taking a 40x long position on Bitcoin ($BTC) and a 10x long position on PEPE ($PEPE). His current unrealized profit has exceeded $2 million, as confirmed by on-chain data from Hypurrscan and Lookonchain's analysis (source: x.com/Lookonchain, hypurrscan.io/address/0xbc47). For traders, this highlights the ongoing appetite for high-leverage strategies in both major and meme cryptocurrencies. The significant unrealized gains suggest continued bullish sentiment in the crypto derivatives market and may influence short-term volatility in both $BTC and $PEPE prices.

According to The Data Nerd on Twitter, a prominent trader has closed all of his Bitcoin ($BTC) positions and now holds only PEPE ($PEPE) with 10x cross leverage. This shift indicates a high-risk, high-reward trading strategy focused on meme coins, which could signal short-term volatility in the altcoin sector. Traders should monitor PEPE's price action closely, as leveraged positions can amplify both gains and losses, potentially leading to sharp movements in the broader crypto market. (Source: The Data Nerd, Twitter, May 30, 2025)