Crypto Trader James Wynn Takes 25x Leveraged Long Bet Amid ETH Price All-Time High
Key Notes
- James Wynn’s ETH trade currently shows unrealized gains of $14,888, or over 267%.
- Wynn’s combined leveraged exposure across ETH and DOGE is roughly $345,000, with equity around $26,600.
- Ethereum price surged to $4,867, its highest since November 2021, boosted by Federal Reserve Chair Powell’s potential rate cut signal.
Popular crypto trader James Wynn, famous for initiating long-leveraged bets, has opened a massive 25x leveraged long position on Ethereum, as the ETH price hit an all-time high of $4,884 earlier today.
On-chain data shows that Wynn used approximately $5,568 in margin to open a 29.3 ETH position worth $139,215 at an average entry of $4,239. The trade currently reflects unrealized gains…
