During the latest market recovery, PEPE has reemerged as a standout performer, displaying characteristics akin to blue-chip tokens. High-risk trader James Wynn has further fueled the rally with a 10X leveraged long position.
PEPE, one of the pioneering meme tokens, is staging a comeback. Over the past week, it has mirrored the stability of established assets, climbing to $0.000014—close to its monthly peak.
Short Squeeze Ignites PEPE Volatility
A surge in leveraged short positions on Binance (hosting 23% of PEPE’s trading activity) has set the stage for a short squeeze. PEPE’s price spiked 9% weekly, with:
- 24-hour volatility exceeding typical ranges.
- Open interest up 15% to $610M.
- Trading volumes jumping 42%.
Historically, meme tokens like PEPE rally post-squeeze, especially when Bitcoin (BTC) rebounds. With BTC surpassing $109,000, the broader meme market turned bullish—older tokens like PEPE offsetting losses from newer entrants (e.g., TRUMP’s post-event dip).
James Wynn’s High-Stakes PEPE Bet
After securing $25.2M from a BTC long, trader James Wynn diverted remaining funds to PEPE:
"Ok so left a milly in my perps account. Put it all on $pepe 10x leverage."
— James Wynn (@JamesWynnReal) May 26, 2025
Wynn’s move risks counter-trading but could amplify PEPE’s rally. At peak, his position held $386K unrealized gains—though PEPE remains volatile.
Past Risks: In March, Wynn held a 10X long during PEPE’s correction, absorbing $3.36M unrealized losses before partially exiting.
Market Sentiment and Trader Activity
Hyperliquid traders are mirroring Wynn’s strategy, capitalizing on:
- Extreme greed sentiment in crypto markets.
- Meme tokens’ resilience during pullbacks (low volumes = rapid recoveries).
👉 Explore high-potential meme tokens
FAQ
Q: Why is PEPE surging?
A: A short squeeze on Binance, combined with BTC’s recovery, triggered bullish momentum.
Q: What’s James Wynn’s PEPE strategy?
A: A 10X leveraged long—high-risk but high-reward if the rally continues.
Q: Are meme tokens safe investments?
A: No. Their volatility makes them speculative; always assess risk tolerance.
Disclaimer: This content is for informational purposes only and not investment advice.
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