James Wynn, a well-known “memecoin maxi,” is back in the spotlight with another bold crypto move. This time, he’s betting on a major PEPE price surge, opening a 10x leveraged long position just as the memecoin flashes fresh bullish signals.
Big Bet on PEPE’s Next Breakout
Despite a massive 90% rally this month, Wynn believes PEPE still has room to run. He placed his high-leverage bet after the coin broke out of a long consolidation on May 8. Since then, PEPE has been forming a bullish structure, printing higher lows and higher highs — a textbook sign of strength.
Currently, the memecoin trades around $0.000014. If it continues upward, the next immediate target lies at $0.000017 — a level that once acted as both resistance and support in 2023. Reaching this mark would represent a 20% gain from current prices.
Technicals Signal More Upside
From a technical standpoint, PEPE is trading above the 20 EMA and 50 SMA, which have been in a bullish crossover since mid-April. The 20 EMA, acting as dynamic support, recently helped the token bounce off a small dip to $0.000012.
If PEPE breaks through the $0.000017 resistance, the next key level sits between $0.000020 and $0.000021. That zone marked a lower high during PEPE’s descent from its December all-time high. A move to this area would mean a potential 40% surge from current levels.
James Wynn’s Track Record
Wynn’s recent PEPE trade isn’t random. He has a reputation for winning big in the memecoin space. In the past, he reportedly made $4.8 million from Fartcoin (FARTCOIN) and $6.8 million from Trump (TRUMP). His latest memecoin project, Moonpig (MOONPIG), has already soared 3,000% in just three weeks.
Given his track record and timing, Wynn’s long position has crypto traders watching closely. Will PEPE live up to the hype again?
