According to Lookonchain, James Wynn (@JamesWynnReal) experienced another major liquidation event, losing over $2 million from his new trading wallet after his Bitcoin ($BTC) and Pepe ($PEPE) long positions were liquidated. Despite moving assets to a new wallet, Wynn now has only $122,000 remaining, highlighting the ongoing risks of leveraged trading in highly volatile crypto assets. This large-scale liquidation has raised concerns among traders about the liquidity and volatility risks associated with margin positions, especially in trending meme coins and major cryptocurrencies. Source: Lookonchain (x.com/lookonchain/status/1933355954541899791).