PEPE Price Surge Ahead? Whale Drops $13.9M Bet—Gamble or Genius?

When a single trader throws $13.9M into PEPE, the memecoin market holds its breath. James Wynn’s massive position could trigger a liquidity squeeze—or become another cautionary tale in crypto’s casino economy.

Whale moves move markets. But in a space where ''fundamentals'' often mean Elon’s latest tweet, even eight-figure bets sometimes vanish faster than a degenerate’s leverage.

Whale re-enters market with PEPE after $1B BTC loss

James Wynn, a well-known trader who previously lost a $1 billion position on Bitcoin, has started betting on PEPE.

In the last 24 hours, analysis shows he created a new wallet and opened a long Pepe position worth $13.9 million.

Currently, he has an unrealized gain of $616,000 on this position, as the price has trended upward.

Source: Lookonchain

Wynn previously opened a $10 million position on PEPE through Hyperliquid but lost it when the market turned against him.

Just weeks earlier, he was liquidated on a $99 million Bitcoin position after the price dropped below $105,000.

Wynn’s string of high-stakes losses on PEPE and bitcoin now raises a critical question: Will PEPE maintain its bullish momentum, or is a bearish reversal on the horizon?

What does the spot and futures market say?

Recent analysis indicates that both market accumulation and rising derivative sentiment could drive PEPE higher.

Over the past week, $35 million worth of PEPE has been purchased, a continuation of trends observed in previous weeks.

Source: CoinGlass

This week’s emphasis on accumulation points to strong buying interest, suggesting traders see current price levels as attractive entry points.

In the Futures market, sentiment also leans bullish, with many traders opening long positions on the asset.

Supporting this outlook, the Open Interest Weighted Funding Rate stood at 0.0104% at press time. This indicates a bullish bias as more participants bet on further price increases.

Source: CoinGlass

This implies that most open contracts come from long traders paying the funding fee to maintain price balance.

Memecoin segment begins to perform well

Analysis shows that PEPE still holds strong rally potential as the memecoin market segment recovers.

In the past seven days, this segment has grown by 5.8%, outperforming tokens in the Bitcoin ecosystem as well as exchange tokens.

Source: Artemis

If the Weighted Average used to calculate this growth continues to rise, PEPE has a good chance of maintaining its bullish momentum.

Ongoing accumulation and bullish trends in the derivatives market position PEPE for a significant breakout.