According to @lookonchain, James Wynn's long positions in PEPE were hit by a cascade of liquidations, reducing his trading account balance to $30,890. The sharp downturn in PEPE's price led to forced sell-offs, highlighting significant volatility and risk for leveraged traders in the meme coin market. This event underscores the importance of proper risk management for those trading highly speculative assets like PEPE. Source: @lookonchain.