- James Wynn opens a 25x ETH long and a 10x DOGE long, representing a leveraged exposure totaling approximately $345,000.
- Ether climbs to $4,867 as spot ETF inflows reach $287.6 million and corporate reserves continue to grow.
- Wynn returns after a $100 million BTC loss, drawing attention with high-risk, highly leveraged trades.
James Wynn, a crypto 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 reaches multi-year highs, supported by optimism about 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 long on Ether, posting roughly $5,568 in margin to control 29.3 ETH, a notional exposure of $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, an increase of more than 267% on the leveraged capital.
Wynn also took a 10x leveraged position in Dogecoin. That trade represents $206,130 of exposure and covers 867,335 DOGE at an average entry price of $0.2398.
With DOGE trading near $0.237, the DOGE position is slightly underwater, carrying an unrealized loss of approximately $1,886.
Combined, Wynn’s leveraged exposure is roughly $345,000, while his equity is estimated at about $26,600.
His margin usage is reported around 110%, underscoring the high-risk nature of his trading approach.
Back in the spotlight after earlier liquidations
Wynn’s recent activity marks a return to trading after a turbulent period earlier this year.
In late May, a heavily leveraged Bitcoin position worth about $100 million was liquidated, and he suffered an additional $25 million loss in early June.
At the time, Wynn claimed that large market participants had deliberately targeted his liquidation levels.
Following those setbacks, he briefly deactivated his social media presence and updated the biography on his X account to read “bankrupt” before withdrawing from public view.
He resurfaced on July 15 and entered a 40x leveraged Bitcoin long position worth $19.5 million, as well as a 10x leveraged position in PEPE valued at over $100,000.
These trades reflect Wynn’s continued appetite for risk and confidence in using leverage, despite the substantial losses earlier in the year.
His activity still draws attention from retail traders and industry observers who closely track his high-stakes wagers.
Ethereum rises to record levels amid ETF inflows
Wynn’s recent positions coincided with a strong rally in Ether, which climbed to $4,867 on Coinbase — the highest level since November 2021.
The rally was supported by dovish signals from the U.S. Federal Reserve.
The Fed chair, Jerome Powell, suggested a possible interest rate cut in September, a prospect that tends to boost investor appetite for risk assets, including cryptocurrencies.
Additional momentum came from ETH spot ETFs.
On Thursday, those funds recorded net inflows of $287.6 million, bringing their total assets under management to over $12.1 billion.
The inflows followed four consecutive days of outflows, signaling renewed institutional confidence in Ethereum.
Corporate treasuries are also increasing their ETH holdings.
Last month, companies such as BitMine, SharpLink, Bit Digital, BTCS, and GameSquare collectively added roughly $1.6 billion worth of Ether.
That increases corporate holdings to nearly $30 billion in total, providing additional support to the ongoing rally.