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Trader Faces $1.24M Loss on PEPE Token After Multiple Liquidations
Gate News bot message, James Wynn (@JamesWynnReal) closed his 10x leveraged PEPE long position following nine consecutive liquidations. He withdrew $32,931 from Hyperliquid and transferred the funds to centralized exchanges.
Subsequently, Wynn deposited $1.28M USDC into Hyperliquid, resulting in an additional loss of $1.24M.