Experienced trader James Wynn ventures back into the market, investing $290,000 in Ethereum using a substantial 25 times leverage.

In the world of cryptocurrency trading, James Wynn has made a significant move. On a recent trading day, Wynn initiated a high-risk Ethereum position with a value of $290,592.74, built with 25x cross leverage.

The entry level for this position was recorded at $4,291.14, with Ethereum trading near $4,302.70 at the time. The account's total valuation is $12,267.90, with $12,266.72 tied directly to Ethereum perpetual contracts.

Before consolidating into the larger trade, Wynn initiated several smaller ETH longs through address HIP-2. Each of these smaller positions was taken within seconds and reflected concentrated execution around a tight price band. The largest individual entry reached 44.65 ETH at $4,290.40, totaling $191,566.79.

An internal transfer of 1,499.78 USDC shifted funds from a spot wallet into the perpetual contract, while another transfer of 1,318.55 USDC was documented within the same timeframe, also directed to perpetual trading activity.

The account holds one perpetual contract, five spot positions, and no vault balances. The liquidation level for the position is set at $4,205.20, which remains close to price levels recorded earlier in the trading session. At the moment of capture, Wynn's leveraged Ethereum position reflects a profit of $780.66.

Funding costs recorded at $5.52 show ongoing expenses to maintain exposure. Spot holdings are minimal, showing only $1.17 at the time of reporting. Staked balances stand at zero, confirming concentration in leveraged positions without parallel diversification.

Interestingly, three days earlier, the same wallet registered a smaller 77.91 USDC claim. However, there is no information in the search results about the earlier "forests" that James Wynn left behind before his final concentration on his Ethereum position.

The trade execution pattern indicates accumulation before a consolidated stance. The entire position of 67.5373 ETH remains locked into Ethereum perpetual contracts without additional hedging elsewhere. Wynn's portfolio is dominated by derivative exposure.

Rewards were claimed across multiple instances, with a claim of 705.63 USDC and another of 716.24 USDC documented. The liquidation threshold at $4,205.20 remains a potential risk for Wynn's high-risk Ethereum position.

Experienced trader James Wynn ventures back into the market, investing $290,000 in Ethereum using a substantial 25 times leverage.