James Wynn Takes Major Leveraged Positions in Ethereum and PEPE
- James Wynn has opened a 25x long position on Ether (ETH) with a total of 3,269 ETH valued at approximately $12.12 million.
- Wynn also initiated a 10x long position on PEPE, amounting to over 812 million tokens worth roughly $11.28 million.
- Currently, Wynn’s PEPE position shows an unrealized profit of $251,617, while his ETH trade is down by over $62,700.
- The liquidation price for the ETH position is set at $3,492.8 and for the PEPE position at $0.012998.
- Wynn deposited approximately $536,573 USDC into Hyperliquid to open these positions.
Wynn’s recent trades come after a brief hiatus from social media following significant losses earlier this month, including a notable liquidation of a $100 million Bitcoin bet in May.
As Ethereum approaches key resistance levels around $3,700 amid a broader market surge, Wynn’s high-stakes strategy reflects ongoing volatility in the crypto space with substantial risks involved in leveraged trading.
