According to @lookonchain, James Wynn's $PEPE long position in another wallet experienced a cascade of liquidations, resulting in total losses exceeding $1 million, with only $14,850 remaining in the account. This significant liquidation event highlights the volatility and high risk associated with leveraged trading in meme coins like PEPE, and may increase short-term selling pressure on PEPE as traders react to large-scale liquidations. Source: @lookonchain.