Recently, James Wynn, known for his high-risk crypto trades, opened significant positions in Ethereum and Dogecoin amid rising prices.
James Wynn's Positions in Ethereum
James Wynn opened a long position using 25x leverage on Ethereum (ETH) as the price soared to new record highs above $4,860. According to data from Hyperdash, he allocated approximately $5,568 in margin to control a 29.3 ETH position valued at $139,215. His entry price averaged $4,239, and the position currently boasts unrealized gains near $14,888, translating to over a 267% return.
Status of the Dogecoin Trade
Simultaneously, Wynn holds a 10x leveraged long position in Dogecoin (DOGE), with a stake worth $206,130 comprising 867,335 DOGE tokens, entered at an average price of $0.2398. This trade is slightly down, showing an unrealized loss of $1,886 as DOGE trades near $0.237.
Cryptocurrency Market and Corporate Investments
Together, Wynn’s combined leveraged exposure totals about $345,000, with a total equity around $26,600 and a margin usage rate of roughly 110%. His return to high-stakes trading coincided with a rally in Ethereum, which culminated in a fresh record high of $4,867 on Coinbase. This surge was fueled by signals from Federal Reserve Chair Jerome Powell regarding potential interest rate cuts and a renewed appetite for risk among investors. Corporate treasury activity, with firms like BitMine, SharpLink, and others acquiring approximately $1.6 billion worth of Ether in the past month, has also boosted demand, raising total corporate holdings near $30 billion.
James Wynn's return to the market and his active positions in various cryptocurrencies highlight the dynamic nature and volatility of the modern crypto landscape.
