James Wynn has opened high-risk leveraged trades on Ether and PEPE worth over $23 million after a $536,000 USDC deposit into Hyperliquid.
James Wynn, a crypto trader known for his high-leverage crypto bets, has initiated two major leveraged positions, including a 25x long on Ether and a 10x long on PEPE.
According to onchain data, Wynn’s Ether (ETH) position amounts to 3,269 ETH, valued at approximately $12.12 million, with an entry price of $3,726.28. His kPEPE (the name for the $PEPE-USD futures contract on Hyperliquid) long spans a staggering 812.16 million tokens, worth roughly $11.28 million at an average entry of $0.01358.
At the time of writing, Wynn is sitting on a $251,617 unrealized profit from his PEPE position, while his ETH bet is currently down over $62,700. The ETH trade faces liquidation at $3,492.8, while the PEPE position’s liquidation level sits at $0.012998.
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