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James Wynn Takes Bold Step in Crypto Market: 25x Long on Ether

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by Giorgi Kostiuk

3 hours ago

James Wynn, a well-known crypto trader, has once again captured the market’s attention by opening a large long position on Ether amid rising prices.

Introduction to Wynn's Position

James Wynn, known for his high-leverage bets, has opened a significant 25x long position on Ether as ETH price exceeded $4,860.

Details on Wynn's Trades

According to onchain data, Wynn deployed roughly $5,568 in margin to control 29.3 ETH, valued at $139,215. At this time, the position is showing unrealized gains of $14,888, which represents over 267% return.

Ether Market and Recent Achievements

Ethereum's native token Ether surged to a new all-time high of $4,867 on Coinbase. This rally was spurred by signals from Federal Reserve Chair Jerome Powell regarding a possible interest rate cut.

James Wynn has once again made a mark on the crypto market with significant trades, coinciding with a positive price trend for Ether. Both traders and analysts will closely monitor his activities.

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