James Wynn reduces BTC long positions and increases PEPE long positions

According to on-chain data, whale trader James Wynn has been continuously reducing his BTC long positions on Hyperliquid and gradually increasing his PEPE long positions. This may have influenced the short-term price breakthrough of PEPE to 0.0000145, with a 24-hour increase of 8.01%.
Currently, whale trader James Wynn's PEPE holdings are valued at nearly $25 million, with an unrealized profit of nearly $8 million. Additionally, he still holds 7,766 BTC long positions, with an unrealized profit of nearly $20 million.