- James Wynn opened two major high-leverage cryptocurrency positions, including a 25x long on Ether (ETH) and a 10x long on PEPE.
- His ETH position is valued around $12.1 million with 3,269 ETH, while his PEPE position covers 812 million tokens valued at about $11.3 million.
- Wynn is showing an unrealized profit of $251,617 on PEPE but a loss of over $62,700 on Ethereum at the time reported.
- The ETH position could be liquidated at $3,492.8, and the PEPE position at $0.012998 according to blockchain data.
- Recent surges in Ether prices have led to a major short squeeze, adding to overall market volatility and reducing Bitcoin’s market dominance.
Crypto trader James Wynn has launched two significant leveraged trades on the decentralized crypto platform Hyperliquid. He placed a 25x leveraged long position on Ether (ETH) and a 10x leveraged long on the memecoin PEPE, aiming to capitalize on market movements.
According to on-chain data, Wynn’s Ether trade involves 3,269 ETH, worth about $12.1 million at his entry price of $3,726.28 per token. His PEPE position covers 812.16 million tokens with a value of approximately $11.3 million, set at an average entry price of $0.01358.
At the reported time, Wynn’s PEPE long was showing an unrealized gain of $251,617. In contrast, the ETH position reflected an unrealized loss of over $62,700. Blockchain records indicate that Wynn faces liquidation if Ether falls to $3,492.8; for the PEPE position, the liquidation price is $0.012998. Wynn funded these positions by depositing about 536,573 USD Coin (USDC) into Hyperliquid.
Earlier in July, Wynn temporarily vanished from social media after experiencing major losses, including a $100 million Bitcoin bet that was liquidated and a $25 million loss on another trade. His online accounts, including his “JamesWynnReal” handle on X (formerly Twitter), disappeared and stated “broke” in the bio. He returned to trading with additional high-leverage bets, including a 40x long on Bitcoin worth over $19.5 million.
Ether’s price has gained 20% over a week, sparking what some sources, like The Kobeissi Letter, call one of the largest short squeezes in crypto history. The ETH market cap increased by $150 billion since July 1, with the token nearing $3,700 and creating the potential for further short liquidations if the price rises.
During this period, Bitcoin’s market dominance decreased to 61.4%—the lowest since March—as investors shifted capital into alternative cryptocurrencies such as ETH and XRP. For more details on Wynn’s crypto activity, visit the on-chain data and Lookonchain report.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- $10 in Shiba Inu in 2020 Could Be Worth $2 Million by 2025
- GENIUS Act curbs Big Tech stablecoins, pushes DeFi as yields banned
- Cardano’s Hoskinson Seeks More Audit Transparency, Eyes August Release
- Dogecoin surges 10% as Pepeto gains traction in memecoin race
- Global Cryptocurrency Market Cap Hits Record $4 Trillion Milestone
