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4h ago

James Wynn Returns to Risk With 25x ETH and 10x DOGE Longs as Ether Sets New High

The wagers follow renewed ETF inflows that pushed Ether toward record levels.

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Overview

  • On-chain data shows Wynn opened a 25x long on Ether controlling 29.3 ETH at a $4,239 average entry using about $5,568 in margin.
  • He also took a 10x long on Dogecoin for 867,335 DOGE at $0.2398, bringing his combined leveraged exposure to roughly $345,000.
  • Account metrics point to elevated liquidation risk with equity near $26,600, margin utilization around 110%, an unrealized gain of about $14,888 on ETH, and a small loss on DOGE.
  • Ether touched a record near $4,884 after Fed Chair Jerome Powell signaled the possibility of a September rate cut, boosting risk appetite.
  • U.S. spot ETH ETFs recorded roughly $337.6 million in net inflows on Friday lifting combined AUM above $12.1 billion while corporate treasuries reportedly added about $1.6 billion in ETH over the past month, bringing holdings close to $30 billion.