Trader James Wynn Makes Bold Leverage Bets on Ether and Dogecoin

Crypto trader James Wynn, known for high-risk trades, has opened a big 25x long on Ether as it nears new highs. 

His Ether trade, however, looks well-timed as ETH just reached $4,867 on Coinbase, its highest level since November 2021.

Wynn entered the trade with $5,568 in margin, controlling 29.3 ETH valued at $139,215. His average entry price was $4,239, and the position now shows unrealized gains of $14,888, representing a return of 267%.

He also holds a 10x long on Dogecoin (DOGE), worth $206,130 for 867,335 DOGE. The trade is slightly down, with DOGE near $0.237 compared to his entry at $0.2398, leaving him with a $1,886 loss.

Wynn’s Bounce Back to the Market

His leveraged positions total $345,000, while his equity is around $26,600. With margin usage at 110%, Wynn is taking on a very high risk.

This marks a comeback after leaving social media, where he quit X with a final bio update saying “broke.” On July 15, he returned with two bold trades: a 40x Bitcoin long worth $19.5 million and a 10x PEPE long worth over $100,000.

Earlier this year, Wynn suffered massive losses, including a $100 million Bitcoin liquidation on May 30 and another $25 million wipeout on June 5. He claimed that large players deliberately targeted his liquidation levels, adding intrigue to his trading saga.

Ethereum Rally Gains Strength as Institutions Buy In 

Ethereum’s rise is being driven by optimism about the economy and strong institutional interest. Fed Chair Jerome Powell recently hinted at a possible September rate cut, boosting demand for risk assets.

Spot ETH ETFs brought in $287.6 million in one day, pushing total assets above $12.1 billion after four days of outflows. At the same time, companies added about $1.6 billion worth of ETH in the past month, raising corporate Ethereum holdings to nearly $30 billion.

Trader James Wynn’s story adds to the drama. After past losses, he’s now back with big leveraged bets. With Ethereum climbing and institutions buying in, his trades could lead to a huge comeback or another big crash. In crypto, fortune often rewards the bold, and Wynn is taking that risk.