James Wynn Re-Enters Market With $290K Ethereum Long Using 25x Leverage

Wynn opened 67.53 ETH long worth $290,592.74 with 25x leverage near $4,291 entry.

Smaller ETH long entries totaling 44.65 ETH preceded the final consolidated position.

Liquidation level stands at $4,205.20, with profit recorded at $780.66 during capture.

James Wynn has opened a new high-risk position in Ethereum, placing a large bet on price direction. Data shows he established a 67.53 ETH position valued at $290,592.74. The trade was built with 25x cross leverage on the ETH-USD pair. His entry level recorded at $4,291.14, with Ethereum trading near $4,302.70 when the position was logged. The setup places his liquidation at $4,205.20, leaving a narrow margin for volatility.

Smaller Entries Preceded the Main Position

Before consolidating into the larger trade, A lookonchain post confirms that Wynn initiated several smaller ETH longs through address HIP-2. Records captured within the same window showed five transactions executed in rapid order. These included 0.56 ETH at $4,295.70, 1.55 ETH at $4,293.20, 5.25 ETH at $4,292.70, and 15.53 ETH at $4,292.50

Source: X

The largest individual entry reached 44.65 ETH at $4,290.40, totaling $191,566.79. Each position was taken within seconds, reflecting concentrated execution around a tight price band. In addition to leveraged entries, related activity showed internal wallet movements. An internal transfer of 1,499.78 USDC shifted funds from a spot wallet into a perpetual contract

Rewards were also claimed across multiple instances. A claim of 705.63 USDC appeared, followed by another of 716.24 USDC. Three days earlier, the same wallet registered a smaller 77.91 USDC claim. Another transfer of 1,318.55 USDC was documented within the same timeframe, also directed to perpetual trading activity.

Account Structure and Holdings

Account records displayed a portfolio dominated by derivative exposure. Wynn held one perpetual contract, five spot positions, and no vault balances. The account’s total valuation stood at $12,267.90, with $12,266.72 tied directly to perps. Spot holdings were minimal, showing only $1.17 at the time of reporting. Staked balances also stood at zero, confirming concentration in leveraged positions without parallel diversification.

Source: X

At the moment of capture, Wynn’s leveraged Ethereum position reflected a profit of $780.66. Funding costs recorded at $5.52, showing ongoing expenses to maintain exposure. The liquidation threshold at $4,205.20 remained close to price levels recorded earlier in the trading session. The arrangement showed risk defined by narrow margins due to the high leverage applied.

The trade execution pattern indicated accumulation before a consolidated stance. All positions were placed in sequence, forming a combined leveraged position of 67.5373 ETH. Prices clustered between $4,290 and $4,295, creating a tightly grouped entry zone. With $290,592.74 in exposure, Wynn’s entire position remains locked into Ethereum perpetual contracts without additional hedging elsewhere.