James Wynn, known for his high-risk crypto trades, has secured over $540,000 in profits from recent long positions in Ethereum and PEPE, now betting over $16.4 million on Dogecoin.
Trader Wynn is back in the headlines after closing out two high-leverage long positions on Ethereum (ETH) and PEPE, securing a combined net profit of $538,499.
On-chain data now reveals that Wynn has pivoted to Dogecoin (DOGE), holding a massive 61.5 million DOGE position. The position is valued at $16.4 million and is held on 10x leverage.
Wynn Recent Trade History
Blockchain analytics firm Lookonchain tracked Wynn’s latest moves on Hyperliquid, a decentralized perpetuals exchange. On July 20, Wynn deposited 536,573 USDC. He then opened two high-leverage positions: a 25x long on ETH and a 10x long on PEPE.
His Ethereum trade involved 3,268.91 ETH, worth over $12.1 million at an entry price of $3,726.28. In parallel, his PEPE futures position, tracked under the kPEPE contract, comprised over 812 million tokens, valued at $11.27 million at the time of entry.
Wynn realized a profit of $521,313 from the PEPE trade and $33,386 from the Ethereum position. After factoring in trading fees, his total net gain came to $538,499.
Following this windfall, Wynn opened a 10x leveraged position on Dogecoin, totaling 61.5 million DOGE at a liquidation price of $0.2559. The position is currently sitting on an unrealized gain of $22,384.
James Wynn(@JamesWynnReal) closed his $ETH and $PEPE longs for a $546K profit.
Then went long on $DOGE with 10x leverage, with a position of 61.5M $DOGE($16.4M) and a liquidation price of $0.2559.https://t.co/nppUr6KuI5 pic.twitter.com/K9jtO86hnB
— Lookonchain (@lookonchain) July 21, 2025
A Trader Known for Volatility
Wynn has earned a reputation for his aggressive trading style and bold leverage strategies. Just last week, he placed a 40x leveraged $19.5 million order on Bitcoin (BTC) and a $100,000 bet on PEPE, both executed with precision and minimal margin for error.
His notoriety stems largely from two massive losses earlier this year. The first was the liquidation of a $100 million Bitcoin (BTC) position on May 30. Just days later, he suffered another significant blow, a $25 million wipeout from a second high-leverage trade on June 5.
Wynn alleges that market makers are deliberately targeting his liquidation points. “The market makers have run out of ammo,” he said on X, following his most recent leveraged entries.
Ethereum Surge Triggers Market-Wide Short Squeeze
Wynn’s ETH long coincides with a market-wide short squeeze that has driven Ethereum’s price up 20% in July alone. According to The Kobeissi Letter, the ETH market cap has expanded by over $150 billion since the start of the month.
With ETH climbing above the $3,800 mark, analysts are predicting a push toward $4,000 in the near term. Kobeissi suggests another 10% rise could force the liquidation of up to $1 billion in leveraged short positions.
Meanwhile, Bitcoin’s market share has dipped to 61.4%, its lowest since March, as traders shift capital into altcoins like Ethereum and XRP amid growing bullish sentiment.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
