Former $100M Liquidation Whale James Wynn Returns to the Derivatives Market Low-Key, Testing the Waters with an ETH Long Position

BlockBeats News, August 20th, according to HyperInsight monitoring, James Wynn, a trader who once became famous for getting rich by holding a large amount of PEPE, has returned to the contract trading arena after more than two months of silence. Yesterday, he opened a small long position on ETH at a price of $4239, with a position size of nearly $151,700 and a liquidation price of $4053.52.

In March this year, James Wynn entered the contract market and attracted widespread attention due to his high-frequency, large-scale contract trades on Hyperliquid. However, due to a misjudgment of the market direction, his high-leverage BTC long position was liquidated on May 30th, instantly wiping out his $100 million position. His position opening yesterday was his first public position operation in over 2 months.