The trader known as “James Wynn,” or “moonpig” on the decentralized exchange Hyperliquid, has made waves again by placing a nearly $2 million bet on the memecoin kPEPE, just days after his record high position on bitcoin on the same platform.
This significant move marks a shift from high-stakes bitcoin trading to a focus on memecoins, with the trader utilizing 10x leverage for the position.
In a recent social media comment, the high-flying trader remarked, “Back in the casino already. Only thing is… can I keep my positions under control… Once a degen, always a degen,” reflecting his high-risk trading style.
As of the time of writing, PEPE is up 7.3% compared to 24 hours ago and has increased by 9.9% over the past week.