ChainCatcher news, according to CoinDesk, trader James Wynn established a $12 million long position in PEPE futures on the Hyperliquid platform on May 30, after losing over $100 million in Bitcoin leveraged trading. Data shows that this 10x leveraged position currently has an unrealized profit of 10.66%, holding 934 million PEPE tokens.Previously, James Wynn had established a $1.25 billion long position in Bitcoin at an average price of $108,243, which was liquidated when the price fell below $105,000. Market observers have differing opinions on his trading motives, with some suggesting it may be an attention-seeking behavior.

ChainCatcher news, Coinbase Assets announced on platform X that Coinbase has opened PEPE trading to users in New York State.New York residents can now purchase PEPE through its website, iOS, and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive, or store the related assets.