James Wynn bets 25x on an 'Ethereum long'…"Will have better returns than Bitcoin"
Summary
- James Wynn said he bet on an Ethereum (ETH) long position with 25x leverage on Hyperliquid (DEX).
- He said that for the time being Ethereum's rate of increase will exceed Bitcoin's.
- Ethereum has risen 9.46% over the past week, and he said the Pepe (PEPE) long position is being maintained with 10x leverage.
James Wynn, known as a whale on the decentralized exchange (DEX) Hyperliquid (HYPE), bet on an Ethereum (ETH) long (buy) position with 25x leverage.
On the 7th (local time), according to on-chain analytics firm OnChainLens, James Wynn opened an Ethereum long position with 25x leverage that day. OnChainLens said, "(James Wynn's) Bitcoin (BTC) long position recorded profits of about 88,000 dollars before being closed," and "he is maintaining a Pepe (PEPE) long position with 10x leverage."
James Wynn believes that for the time being Ethereum's rate of increase will exceed Bitcoin's. On X, James Wynn said, "At this point, Ethereum will rise significantly more than Bitcoin over the next few weeks," and "When Ethereum and Bitcoin move, Pepe moves faster and bigger."
Meanwhile, as of 5:11 p.m. that day, Ethereum was trading at 3257.07 dollars on CoinMarketCap, up 1.01% from the previous day. Compared to a week ago, it was up 9.46%.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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