James Wynn, a popular crypto trader, has recently made a shocking decision to asset positions. Specifically, James Wynn has closed his $ETH and $PEPE long positions on HyperLiquid. As per the data from Lookonchain, James Wynn has also extracted the majority of his capital from the platform. The respective retreat takes place amid a significantly volatile market and changing sentiment.

James Wynn(@JamesWynnReal) has closed all of his $PEPE and $ETH longs on #Hyperliquid and withdrawn most of his funds from the platform.https://t.co/Gk9K9GXeel pic.twitter.com/tTt9y8e9mh

With the closure of his $ETH and $PEPE long positions, James Wynn is quitting Hyperliquid. In this respect, he has also extracted a great amount of his funds while the market volatility is rising. Additionally, the wallet activity of Wynn presents a wider position liquidation and massive asset transfers. Thus, the move indicates a broad-scale trading strategy recalibration.

In line with the market data, the wallet address of James Wynn,” 0x507…bedb6,” presents a growing activity a few hours back. This takes into account 3 key “Close Long” transfers. The initial comprised 102,117,558 $kPEPE-USD, accounting for a total of $629,092.21 at the average rate of $0.001615. Additionally, the 2nd of them included 140.66 $ETH-USD, totalling $467,084.89 with $3,320.65 as the average rate. Along with that, the 3rd accounted for $kPEPE-USD position that he closed at almost $0.010815, totaling $276,059.61.

According to Lookonchain, irrespective of the exit, James Wynn has generated massive traction with his referral code, WYNN (822). The cumulative rewards have hit $160,416.06 across diverse stablecoins like $USDH ($10.11), $USDT ($1.23), $USDE ($12.02), and $USDC ($160,392.79). However, his exit with long closures has raised concerns among the community while the market is facing volatile conditions.

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