Trader Bets Big: James Wynn Goes 10x Long on PEPE as Memecoin Eyes 20%-40% Surge

High-risk appetite meets meme-fueled momentum as trader James Wynn slams a 10x leveraged long position on PEPE. The frog-themed token shows technical strength, potentially priming for a 20% to 40% breakout—because nothing says ’sound investment strategy’ like gambling on internet jokes with borrowed money.

Market watchers note PEPE’s consolidation near key support levels, with whale accumulation patterns mirroring early May’s 180% rally. Whether this plays out as a calculated trade or another degenerate casino move depends entirely on whether the 4-hour chart holds... or if Elon Musk tweets a frog emoji.

Looking ahead, PEPE price appears to be targeting the $0.000017 level for its next leg up, which WOULD constitute a 20% jump. This target corresponds to the level where the price faced rejection in May last year. That level also served as major support throughout December last year and January.

Should PEPE overcome this resistance, the next major hurdle lies around $0.000020 – $0.000021, which aligns with a lower high established as the price was descending from its December ATH. Achieving $0.000020 would represent a gain of about 40% from the current $0.000014 levels.

James Wynn’s recent move to long PEPE is a significant development given his track record of profitable memecoin trades. Previously, Wynn reportedly earned $4.8 million and $6.8 million on Fartcoin (FARTCOIN) and Trump (TRUMP), respectively. He’s also currently betting on Moonpig (MOONPIG), his own memecoin that has recently rallied almost 3000% in less than three weeks.