James Wynn Bets Big: 25x Long on ETH, 10x Long on PEPE
The post James Wynn Bets Big: 25x Long on ETH, 10x Long on PEPE appeared on BitcoinEthereumNews.com.
James Wynn places massive 25x ETH, 10x PEPE bets this week. Wynn’s huge leveraged crypto trades spark excitement across the entire market. Holding 3,269 ETH, 812M PEPE, Wynn signals strong bullish faith. James Wynn is a well-known crypto trader. He is famous for taking big risks. Now he has placed two huge bets on crypto. He opened a 25x long position on Ethereum (ETH). In addition, he also longed an order on PEPE of 10x. Wynn Holds 3,269 ETH, 812M PEPE in High-Leverage Positions On-chain statistics demonstrate the size of these wagers. As far as ETH is concerned, Wynn possesses 3,269 coins. That amounts to roughly 12.12 million dollars. He purchased them at approximately 3,726 dollars per ETH. In the case of PEPE, he owns approximately 812 million tokens. The value of that position is approximately 11.28 million dollars. He has an average price of PEPE of 0.01358. The two trades combined are approximately 23 million dollars. It indicates that Wynn trusts crypto a lot at the moment. The crypto community has noticed his big moves. Such large deals may change people’s perception of the market. They can even control prices upwards or downwards. Wynn contributed even more money into such trades. He invested additional 536,000 dollars. This indicates that he is serious about retaining these bets. He can even enlarge them. Most believe that Wynn is being extremely optimistic regarding the future of ETH and PEPE. The aspect of leverage is central to the Wynn plan. With crypto, leverage allows you to borrow funds to trade larger. The 25x leverage of Wynn on ETH implies that he could get 25 times as much profit were ETH to increase. However, he is also able to lose money quickly in case ETH goes down. The same case applies to PEPE, where…
