The high-leverage trader James Wynn opened a long position of 25x in ETH and 10x in PEPE
James Wynn has opened high-risk leveraged trades with Ether and PEPE worth over USD 23 million after making a deposit of USD 536,000 in Hyperliquid.
According to on-chain data, Wynn's position in Ether amounts to 3,269 ETH, with an approximate value of USD 12.12 million, and an entry price of USD 3,726.28. His long position in kPEPE (the name of the futures contract $PEPE-USD on Hyperliquid) encompasses the astonishing figure of 812.16 million tokens, with an approximate value of USD 11.28 million and an average entry price of USD 0.01358.
At the time of writing this article, Wynn has an unrealized gain of USD 251,617 on his PEPE position, while his bet on ETH has decreased by more than USD 62,700. The ETH trade faces a liquidation at USD 3,492.8, while the liquidation level of the position in PEPE is at USD 0.012998.
Wynn entered the positions after depositing 536,573 USDC (USDC) in Hyperliquid, a decentralized perpetual contracts exchange.
