James Wynn Takes Major Leveraged Positions in Ether and PEPE
- James Wynn has opened a 25x long position on Ether (ETH) with an investment of approximately $12.12 million, totaling 3,269 ETH at an entry price of $3,726.28.
- Wynn also initiated a 10x long on PEPE, amounting to around $11.28 million for over 812 million tokens at an average entry price of $0.01358.
- His current unrealized profit from the PEPE position is $251,617, while he faces a loss of over $62,700 on his ETH trade.
- The liquidation price for his ETH position is set at $3,492.8 and for PEPE at $0.012998.
- Wynn’s recent trading activity follows significant losses earlier this month that led to a temporary social media absence.
Wynn’s return to high-leverage trading comes amid a notable surge in ETH prices, which have risen by over 20% in July alone, contributing to one of the largest short squeezes in crypto history.
As Wynn navigates these volatile positions, he currently risks liquidation on his Ether bet while capitalizing on gains from PEPE trading.(Source)
