Altcoins News

Story: Veteran Trader Makes $60 Million Ethereum Bet With High Leverage As Market Momentum Builds

By Dan Saada

1 / 15

Ethereum’s Price Climbs Amid Renewed Bullish Momentum. Ethereum has had a solid week, climbing from below $2,370 to over $2,700 between May 16 and May 23.

2 / 15

Wynn’s Portfolio: High Leverage, High Risk, High Reward. Wynn is no stranger to big trades. Alongside his Ethereum position, he also holds a massive 40x…

3 / 15

Short Sellers Under Pressure As Liquidations Mount. One of the clearest signs of bullish momentum is the growing pressure on short sellers.

4 / 15

Leverage Is Driving the Market — But At What Cost?. Leverage has become a double-edged sword in the crypto world.

5 / 15

Ethereum Remains a Market Favorite. Despite the risks, Ethereum continues to attract bullish bets.

6 / 15

Final Thoughts: Risk and Reward in a Volatile Market. James Wynn’s bold bet is the latest example of the high-stakes world of crypto trading.

7 / 15

The crypto world just saw a bold move from one of its most aggressive traders. James Wynn, a name known in high-stakes crypto circles, placed a massive $60.

8 / 15

According to blockchain data and trading insights, Wynn opened a 25x leveraged long position on ETH, betting big on further upside. This means he only needed around $2.

9 / 15

With Ethereum recently pushing past the $2,700 mark, Wynn’s position is already showing profits of over $755,000.

10 / 15

Much of this upward momentum appears to be fueled by leveraged trading, with many traders taking large positions and anticipating further price movement.

11 / 15

While some may see this as a risky move, others believe it reflects the strong confidence many market veterans have in Ethereum’s short-term trajectory.

12 / 15

Wynn is no stranger to big trades. Alongside his Ethereum position, he also holds a massive 40x leveraged long bet on Bitcoin — totaling over $801 million in value.

13 / 15

He’s also dabbling in altcoins, including a $26.77 million long position in kPEPE using 10x leverage. That position remains active and profitable.

14 / 15

However, not all his trades are winning. His 10x leveraged long on SUI is currently underwater, reflecting the unpredictable nature of the market.

15 / 15

One of the clearest signs of bullish momentum is the growing pressure on short sellers. Over the last 24 hours, Ethereum saw a total of $68 million in liquidations — with $42.

The Currency Analytics

Want the full story?