- James Wynn opens a 25x ETH long and a 10x DOGE long, totaling $345,000 in leveraged exposure.
- Ether climbs to $4,867 amid $287.6 million inflows into ETFs and growing corporate reserves.
- Wynn returns after a $100 million BTC loss and draws attention again with high-leverage, high-risk trades.
James Wynn, a cryptocurrency trader known for his aggressive use of leverage, has reentered the market with bold new positions in Ethereum (ETH) and Dogecoin (DOGE).
His latest trades come as Ethereum pushes to fresh highs, driven by optimism around U.S. monetary policy and renewed demand for spot exchange-traded funds (ETFs).
Wynn opens 25x long on Ether and 10x long on Dogecoin
On-chain data shows Wynn initiated a substantial 25x leveraged long on Ether, allocating roughly $5,568 in margin to control 29.3 ETH valued at $139,215.
His average entry price is $4,239 per token. At the time of reporting, the position shows unrealized gains of about $14,888, representing a return of more than 267%.
Wynn also took a 10x leveraged position in Dogecoin. The trade, sized at $206,130, covers 867,335 DOGE at an average entry price of $0.2398.
With DOGE currently trading around $0.237, that position sits slightly underwater with an unrealized loss of $1,886.
Together, Wynn’s leveraged exposure totals approximately $345,000, while his equity stands near $26,600.
Estimated margin utilization is around 110%, underscoring the highly risky nature of his trading approach.
Back in the spotlight after previous liquidations
Wynn’s recent moves mark his return to active trading after a turbulent stretch earlier this year.
At the end of May, he suffered a leveraged bitcoin liquidation reportedly worth $100 million, followed by an additional $25 million loss in early June.
At the time, Wynn claimed larger market participants had intentionally targeted his liquidation level.
After those setbacks he briefly withdrew from social media and updated his profile on X to read “broke,” before stepping back from public view.
He resurfaced on July 15, entering a 40x leveraged bitcoin long valued at $19.5 million and a 10x position in PEPE worth over $100,000.
Those trades reflect Wynn’s continued appetite for risk and reliance on leverage despite significant losses earlier in the year.
His activity continues to attract attention from retail traders and analysts who closely watch his high-stakes bets.
Ethereum pushes to record highs amid ETF inflows
Wynn’s new positions coincide with a strong rally in Ether, which climbed to $4,867 on Coinbase on Friday — its highest level since November 2021.
The rally received support from dovish signals from the U.S. Federal Reserve.
Federal Reserve Chair Jerome Powell suggested the possibility of a rate cut in September, boosting investor appetite for risk assets, including cryptocurrencies.
Additional momentum came from spot ETH ETFs.
On Thursday, funds recorded a net inflow of $287.6 million, lifting combined assets under management to more than $12.1 billion.
That inflow followed four consecutive days of outflows, signaling a renewed institutional confidence in Ethereum.
Corporate treasuries have also been expanding their exposure to ETH.
Over the past month, companies such as BitMine, SharpLink, Bit Digital, BTCS, and GameSquare collectively added roughly $1.6 billion worth of Ether.
These corporate holdings have pushed total institutional-level ETH custody to nearly $30 billion, adding another layer of support to the rally.