## Cascading Liquidations: ETH and PEPE of James Wynn Succumb to Downward Movement
On-chain activity monitoring recorded a new episode of volatility when James Wynn's positions in Ethereum (ETH) and Pepe (PEPE) experienced partial liquidations during this week's market correction.
According to updated data, ETH is trading at $3.37K with a 2.26% rebound in 24 hours, while on-chain PEPE records a decline of -6.68% in the same period. It was precisely this bearish pressure that caused collateral issues.
**How the cascade of liquidations occurred**
The PEPE position was initially closed with gains
View OriginalOn-chain activity monitoring recorded a new episode of volatility when James Wynn's positions in Ethereum (ETH) and Pepe (PEPE) experienced partial liquidations during this week's market correction.
According to updated data, ETH is trading at $3.37K with a 2.26% rebound in 24 hours, while on-chain PEPE records a decline of -6.68% in the same period. It was precisely this bearish pressure that caused collateral issues.
**How the cascade of liquidations occurred**
The PEPE position was initially closed with gains