Former bankrupt trader liquidates PEPE and ETH: 110,000 profit but loses 160,000 due to ETH decline

【BitPush】A trader’s account recently staged a dramatic turnaround on Hyperliquid. This trader, James Wynn, who nearly went bankrupt before, today completely closed all long positions in PEPE and ETH, then withdrew the majority of funds from the platform, totaling about $41,000.

Looks like a profit? Not entirely. PEPE was indeed sweet—just the profit from this single coin’s longs reached $110,000. But ETH took a nosedive, losing $160,000. Offsetting each other, the final take-home was only $20,000.

The story of this account is even crazier. Initially invested only $20,000, leveraging to go long on PEPE, the account once grew to $900,000. But on January 8th, it was liquidated 12 times in a row, each time feeling like a wipeout. Until today, as the market recovered, he finally found an opportunity to exit completely. From near bankruptcy to a small profit, this rollercoaster of psychology is quite something.

What’s more interesting is James Wynn’s prophecy. As early as January 1st this year, this trader boasted online that PEPE’s market cap would surge to $69 billion by 2026, vowing that if he didn’t achieve it, he would delete his account. But now, PEPE’s market cap is still around $2.54 billion, far from his target. Does this liquidation count as a subtle way of retreating?