James Wynn Goes Long from Short, High Leverage Bet on BTC and PEPE

PANews reported on May 26 that, according to Ember, James Wynn closed a $1 billion short position this morning and opened a high-leverage long position on Hyperliquid in the afternoon. He went long on 1,594 BTC with 40x leverage, with a position value of approximately $175 million, an opening price of $109,813, and a liquidation price of $105,734. Additionally, he went long on approximately 1.42 trillion PEPE with 10x leverage, with a position value of $19.71 million. His strategy over the past two days has been to open positions in the afternoon and close them in the morning.