James Wynn, a cryptocurrency trader known for his high leverage crypto bets, initiated two major leverage positions, including 25x ether and 10x length Pepe.
According to Onchain dataWynn’s Ether (eth) Jobs total 3,269 ETH, worth approximately $12.12 million and an entry price of $3,726.28. His Kpepe (the name of the $PEPE-USD futures contract on super liquidity) has long covered an astonishing 812.16 million tokens worth about $11.28 million, with an average ticket of $0.01,358.
At the time of writing, Wynn sat on $251,617 from his Pepe position, while his ETH bet is currently down more than $62,700. ETH Trade faces a liquidation of $3,492.8, while the liquidation level for PEPE positions is $0.012,998.
Wynn entered the position after depositing 536,573 USDC (USDC) Entering the superliquid is a dispersed permanent exchange.
Related: CFTC comments submit Chinese Super Liquid Back 24/7 Crypto Transaction
Wynn returns to high leverage crypto trading
Earlier this month, Wynn seems to have Disappeared from social media Suffering catastrophic losses. His X account had previously disabled the “Jameswynnreal” handle on July 13, and his last update was just reading “Broke”.
However, cryptocurrency traders Last week’s returnopen two high leverage positions. His transactions include Bitcoin 40 times longer (BTC) Valued over $19.5 million, Pepe is 10 times longer (Pepe) Memecoin is worth over $100,000.
Wynn rises first After $100 million in Bitcoin use BET was liquidated on May 30 and then lost another massive $25 million in its second position on June 5. He claims that his liquidation level is the target of major players in the market.
“40 times longer,” Wynn wrote in X postal Tuesday. “Of course, there was never financial advice. But MM’s muzzle wasn’t in the gun,” Wynn added after opening the leverage position.
Related: Mysterious Whale Opens $300 Million Leveraged Bitcoin Bet: James Wynn Alt Account?
Astringent short squeeze
Wynn’s bold bet on ETH is because tokens have been soaring in July, Trigger one of the largest short squeezes According to Kobeissi letters, in crypto history. ETH has grown 20% in a week since July 1 and has increased its market cap by more than $150 billion.
As ETH/USD approaches $3,700 and pays attention to its 2025 high, analysts expect $4,000 soon. Kobeissi estimates that another 10% price increase could drain $1 billion of short shares, especially with many leverage.
Meanwhile, Bitcoin’s market advantage fell to its lowest since March 61.4%, as traders rotated to altcoins such as ETH and XRP.
Magazine: Crypto Scam Center reveals stunt wind virus, Kaka detects 70k scam application: Asian Express
