James Wynn’s $17K Loss After Long Bets on PEPE, ETH & DOGE
James Wynn loses $17K after going long on $PEPE, ETH, and DOGE despite referral reward success.
- Claimed over $23K in referral rewards in one week.
- Went long on PEPE, ETH, and DOGE.
- Suffered $17K in losses from liquidations, leaving $5,952.
Crypto influencer James Wynn made headlines after racking up $23,117 in referral rewards in just one week. Known for his bold positions and active presence on X (formerly Twitter), Wynn has a growing following in the meme coin and altcoin trading space. His recent activity showed confidence as he went long on $PEPE, $ETH, and $DOGE—three of the market’s most watched assets.
But as the crypto market turned volatile, so did Wynn’s fortune.
A $17K Hit from Liquidations
Despite his recent gains from referrals, Wynn’s leveraged positions didn’t go as planned. A series of liquidations wiped out the majority of his capital, leaving his account with only $5,952. This means Wynn suffered another loss of $17,165, highlighting once again the risks of high-leverage trading, especially in unpredictable meme coins like PEPE and volatile giants like ETH and DOGE.
This isn’t Wynn’s first time facing liquidation losses, raising questions among the crypto community about the sustainability of such aggressive strategies.
Lessons from Wynn’s Trading Journey
Wynn’s experience is a strong reminder for retail traders: even large rewards and insider popularity can’t shield against the risks of leverage. While he has a knack for earning through referrals, consistently timing the market has proven to be much tougher.
Investors should be cautious about following the moves of influencers without understanding the underlying risks—especially in a market known for sudden swings.
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