James Wynn Bets Big on PEPE With 10x Leverage as Price Targets 20–40% Upside

High-profile memecoin trader James Wynn is once again making waves in the crypto space—this time with a bold 10x leveraged long position on PEPE. The move signals his confidence in a fresh bullish leg for the token, which is already up nearly 90% this month.

Wynn, known for his high-risk, high-reward memecoin plays, sees more room for growth in PEPE, even after its explosive rally that began on May 8. The token broke out of a months-long consolidation range and has since maintained bullish momentum. Following an initial surge, PEPE pulled back modestly but then printed a higher low and a subsequent higher high, currently trading around $0.000014.

Technical indicators support the bullish outlook. PEPE remains above both the 20-day exponential moving average (EMA) and the 50-day simple moving average (SMA), with the 20 EMA consistently acting as dynamic support since mid-April. The most recent bounce off the $0.000012 level suggests strong buying interest at key technical zones.

Looking ahead, analysts are eyeing the $0.000017 mark as the next major target—a 20% potential gain from current levels. This price previously acted as strong resistance in May 2023 and was a key support zone during December and January. Should PEPE break through this level, the next key resistance sits around $0.000020–$0.000021, representing a potential 40% upside.

Wynn’s bet adds weight to the momentum. His reputation in the memecoin community stems from past wins, including $4.8 million on Fartcoin (FARTCOIN) and $6.8 million on Trump (TRUMP). He’s also behind Moonpig (MOONPIG), a memecoin that has surged nearly 3000% in under three weeks.

While leveraged trading carries substantial risk, Wynn’s track record and timing have garnered attention. Traders and speculators alike are watching closely to see whether his latest bet pays off.