High-leverage trader James Wynn has made headlines by opening a 25x leveraged long position on Ether (ETH) as its price surpassed $4,860, marking a new high. Utilizing approximately $5,568 in margin, he controls a position worth $139,215, seeing unrealized gains of $14,888, a return of over 267%. Wynn also holds a 10x long position on Dogecoin (DOGE), which has not performed as well, currently reflecting a small loss. Overall, his total leveraged exposure amounts to $345,000 with equity around $26,600, indicating high margin usage of about 110%. The recent price surge in ETH correlates with positive market sentiment following signals from the Federal Reserve regarding possible interest rate cuts, along with significant inflows into ETH ETFs and increased corporate investments in Ethereum.

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