James Wynn Opens 25x Leveraged Ether Long

Vartika Sahu

• August 24, 2025
• ⋅
• 2 min read

As Ether (ETH) reached new highs above $4,860, well-known cryptocurrency trader James Wynn is once again in the news for launching a huge 25x leveraged long position in the token. A striking example of the dangers and benefits of leveraged trading is Wynn’s current struggling 10x Dogecoin (DOGE) long.

Large Bets on Dogecoin and Ether

On-chain data shows that Wynn used roughly $5,568 in margin to manage a $139,215 position in 29.3 ETH, with an average entry price of $4,239. This position has generated unrealized gains of about $14,888 as of this writing, representing a 267% return. With Dogecoin hovering around $0.237, Wynn’s parallel bet on DOGE involves 867,335 coins valued at $206,130 at 10x leverage. However, the trade is marginally underwater with a $1,886 unrealized loss.

Wynn’s available equity is approximately $26,600, his margin utilization is approximately 110%, and his total exposure is $345,000. After taking a hiatus due to significant liquidations, the trader recently returned to social media. He lost $100 million in late May on a leveraged Bitcoin position and another $25 million a few days later, indicating a resurgence in activity and risk appetite.

Corporate Purchases and ETF Inflows Drive the Ethereum Rally

Following encouraging macroeconomic signals from Federal Reserve Chair Jerome Powell, who hinted at possible rate cuts in September, ether surged to a new all-time high. The demand for risky assets increased as a result. With net inflows of $287.6 million, spot ETH ETFs ended a four-day losing streak and increased the total assets under management to over $12.1 billion.

With BitMine, SharpLink, Bit Digital, BTCS, and GameSquare collectively adding roughly $1.6 billion in ETH holdings in the past month, corporate treasuries are also shifting. The market’s bullish momentum is supported by the fact that total institutional reserves are currently close to $30 billion.

James Wynn’s high-leverage wagers demonstrate both risk and excitement as Ether soars to all-time highs due to robust ETF inflows and corporate accumulation. Although Wynn’s approach produces significant profits, it also draws attention to the unpredictability and volatility that come with trading in leveraged cryptocurrency.

Read also: EU Considers Ethereum, Solana for Digital Euro