A trader turns $7,000 into $25 million, warning meme coins are "dead"
Source: CoinWorld
Time: 2025-09-19 15:16:42
Highly leveraged cryptocurrency trader James Wynn once turned $7,000 into $25 million through trading PEPE in 2023. However, in May 2025, he lost nearly $100 million as long-held 40x leveraged Bitcoin collapsed amid market volatility. Despite Wayne's public warning about his risk strategy, he has resumed highly leveraged trading on Ethereum and Dogecoin, which has sparked criticism and donation requests on Crypto X. His losses were one of the largest on-chain trading crashes ever.