BlockBeats News, on June 13, trader James Wynn published a statement denying reports of a $2 million liquidation loss, stating that the address in question does not belong to him.
Earlier reports from several on-chain analysts indicated that James Wynn's new wallet had opened BTC (40x leverage) and PEPE (10x leverage) long positions, currently incurring an accumulated loss of $1.7 million, with an additional $2 million in unrealized losses.