In a significant move within the cryptocurrency market, high-leverage trader James Wynn has made headlines by opening a 25x long position on Ethereum (ETH), capitalizing on the cryptocurrency’s recent surge above $4,860. This strategic entry highlights Wynn’s reputation as a notable player in high-stakes trading, particularly in the volatile environment of cryptocurrencies.
As of 2025, Wynn has deployed approximately $5,568 in margin to control a position of 29.3 ETH, which is currently valued at around $139,215. His average entry price for this position was $4,239, and at the time of reporting, it is yielding unrealized gains of $14,888, equating to a remarkable return of over 267%.
However, not all of Wynn’s trades are performing well. He is also managing a 10x Dogecoin (DOGE) long position valued at $206,130, which encompasses 867,335 DOGE. Despite entering this trade at an average price of $0.2398, it is currently slightly underwater, reflecting an unrealized loss of $1,886 with DOGE trading near $0.237. Overall, Wynn’s combined leveraged exposure in the market stands at approximately $345,000, while his total equity hovers around $26,600, indicating a margin usage of about 110%.
“This crypto trader just lost $100M, but he’s still not done,” encapsulates the ongoing risks and volatility inherent in Wynn’s trading strategies.
Wynn returned to the trading scene last month after a brief hiatus from social media, during which he deactivated his X account with a final bio update that simply read, “broke.” His re-entry on July 15 saw him making aggressive trades, including a 40x long position on Bitcoin (BTC) valued at $19.5 million and a 10x long position on PEPE (PEPE), worth over $100,000. This comeback follows a tumultuous period where Wynn’s previous leveraged Bitcoin position of $100 million was liquidated on May 30, resulting in a subsequent loss of $25 million just days later on June 5. At that time, he alleged that larger players in the market were intentionally targeting his liquidation levels.
The recent surge in Ethereum’s price has been attributed to favorable market conditions, notably after Federal Reserve Chair Jerome Powell signaled a potential interest rate cut in September 2025. This announcement has rekindled investor interest in risk assets, further bolstered by fresh inflows into spot ETH exchange-traded funds (ETFs). On Thursday, these funds reported $287.6 million in net inflows, lifting their total assets under management to over $12.1 billion, marking a rebound after four consecutive days of outflows.
Moreover, corporate treasuries have been instrumental in fueling this momentum. Over the past month, companies including BitMine, SharpLink, Bit Digital, BTCS, and GameSquare have collectively added approximately $1.6 billion worth of ETH, bringing the total corporate Ethereum reserves close to $30 billion. This influx from institutional players illustrates a growing confidence in Ethereum’s long-term potential.
In conclusion, as we navigate through 2025, Wynn’s trading strategies provide a glimpse into the dynamics of high-leverage trading within the cryptocurrency space, where both significant gains and losses are part of the landscape. The ongoing developments in Ethereum and the broader market will undoubtedly continue to attract the attention of traders and investors alike.
For more information, visit Cointelegraph.
