Web3
Jez Says His $4 Million PEPE Bet Would Have Failed With 8x Leverage
COINOTAG·October 12, 2026·1 min read
Ex-quant Jez says his 2023 all-in PEPE bet grew into a $4 million position without leverage. He claims 8x leveraged trades carry negative expectation, highlighting the risks of using leverage in crypto. His success came from a spot position, not leveraged trading.
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