James Wynn opens a total of $3,45,000 with leveraged exposure, 25x long and 10x long. Ether is $4,867 and ETF inflows are $287.6 million, expanding corporate reserves. Winn returns after a $100 million BTC loss and repeats his caution with a dangerous, highly leveraged transaction.
James Wynn, a crypto trader known for his aggressive use of leverage, has reappeared in the market with bold new positions at Ethereum (ETH) and Dogecoin (DOGE).
His latest deal comes as a surge in Ethereum to record levels, supported by optimism around us and renewed demand for spot exchange trade funds (ETFs).
Winn opens 25 times the length in ether and 10 times the length in dogecoin
According to Onchain data, Wynn has earned a significant 25x leveraged dop on Ether, controlling 29.3 ETH with a margin of about $5,568, valued at $139,215.
His average entrance price is $4,239 per token. At the time of writing, the position shows an unrealized profit of around $14,888, representing a return of over 267%.
Wynn also took a 10x leveraged position in Dogecoin. Valued at $206,130, the deal covers 867,335 Doge with an average input price of $0.2398.
Doge is currently close to $0.237, so the position is slightly underwater, with unrealized losses of $1,886.
Together, Wynn’s total leverage exposure is around $345,000, while his shares are around $26,600.
His margin usage is estimated at 110%, highlighting the high-risk nature of his trading style.
Return to the spotlight after past liquidation
Wynn’s latest move shows a return to trading following a turbulent era earlier this year.
In late May, he was liquidated by a $100 million-powered Bitcoin position, resulting in an additional $25 million loss in early June.
At the time, Wynn claimed that a large market player deliberately targeted his liquidation level.
After these set-offs, he temporarily deactivated his social media presence, updated his X account bio and read it as “broken,” and disappeared from the public.
However, on July 15th he resurfaced, entering a position of 40 times the length of leveraged Bitcoin, worth $19.5 million, and 10 times the length of Pepe, over $100,000.
These transactions reflect Winn’s ongoing desire for risk and dependence on leverage, even after experiencing significant losses at the beginning of the year.
His activities continue to attract attention from both retailers and industry analysts who closely follow his high stakes bets.
Ethereum pushes to record highs amid ETF influx
Wynn’s latest position coincided with a strong etheric gathering, surged to $4,867 on Friday at Coinbase. This is the highest level since November 2021.
The rally is supported by a Dovish signal from the US Federal Reserve.
Chairman Jerome Powell proposed potential interest rate cuts in September, raising investors’ desire for risky assets, including cryptocurrencies.
More momentum comes from the Spot ETH ETF.
On Thursday, the fund recorded a net inflow of $287.6 million, raising its managed assets to more than $12.1 billion under control.
The rebound has continued its leak for four consecutive days, bringing new institutional trust in Ethereum.
Corporate Treasury Ministry is also expanding its ETH exposure.
Over the past month, companies like Bitmine, Sharplink, Bit Digital, BTC and GamesQuare have collectively added about $1.6 billion worth of ether.
This brings the total corporate holdings to nearly $30 billion, adding another support tier to the rally.
