"Bitcoin 'Whale' James Wynn Re-enters with $46 Million Long at 40x Leverage"

Whale address James Wynn—also known as the crypto trader Moonpig (Moonpig)—has reportedly re-entered the Bitcoin (BTC) futures market with a massive long position.

On the 30th (local time), on-chain analyst EmberCN (EmberCN) observed that James Wynn transferred a total of 344.7 Ethereum (ETH) from multiple wallet addresses to Binance and sold it. He then withdrew $500,000 worth of USD Coin (USDC) from Binance, sent it to the Hyperliquid (Hyperliquid) exchange, and opened a 40x leveraged long position on Bitcoin.

His current BTC position size is 437 BTC, with an estimated value of around $46.1 million. The entry price is $105,560, and the liquidation price is $102,713, placing his high-risk bet within a relatively tight stop-loss range.

In addition to Bitcoin, he is also confirmed to be holding a 10x leveraged long position in the meme coin derivative kPEPE (1000PEPE). This position amounts to about 1,010,000,000 kPEPE, valued at $13.02 million. The entry price is $0.0129, with a liquidation price of $0.0116.

Previously, Moonpig held a similar high-leverage BTC long position on Hyperliquid last week, which faced a liquidation risk. However, as BTC's price has recently rebounded from its short-term lows, he is rebuilding his position—demonstrating strong conviction in a market recovery.