
James Wynn, a renowned crypto trader, has invested nearly all his remaining capital in a fresh leveraged position on DOGE. The transaction data shows that his wallet now centers on a single Dogecoin perpetual contract, reflecting the majority of his available funds. The move follows recent liquidations that reduced his balance sharply earlier this week.
Confirmed by a Lookonchain post, the wallet connected to Wynn shows a total balance of $9,054.51 across perpetual contracts and spot assets. Out of this, $8,406.99 is tied to perpetuals, while $647.52 remains in spot holdings. No funds are currently staked or placed in vaults.
The active positions list confirms two holdings: USDC and a DOGE-USD perpetual contract. The DOGE position dominates the account, signaling the primary source of exposure. The perpetuals section records a long Dogecoin position with 10x cross leverage, valued at $94,606.94. The position covers 432,311 DOGE, entered at a price of $0.21298.
At present, the market value is $0.21884, creating an unrealized profit of $2,534.9. The account also reflects funding fees of –$37.23, reducing net gains. Importantly, the liquidation threshold stands at $0.20989, which is just below the entry. The proximity between entry and liquidation leaves little margin against downward price movement.
According to a report by CryptoNewsLand, earlier records from August 28, shared publicly by Lookonchain, show Wynn claimed $23,117 in referral rewards. On the same day, he opened long positions across PEPE, ETH, and Dogecoin. That sequence ended unfavorably, with a series of liquidations reducing his available balance. The capital fell to $5,952, representing a realized loss of $17,165.
In the current setup, Wynn’s Dogecoin long consumes nearly all his remaining balance. The position size of more than $94,000 dwarfs the wallet’s net equity, underscoring the impact of leverage. A two percent swing against the entry price could trigger liquidation, given the 10x exposure.
The concentration of capital into one trade places Wynn’s performance entirely on short-term Dogecoin price movement. With entry at $0.21298 and liquidation set at $0.20989, even small shifts in price carry significant consequences. This new Dogecoin position continues Wynn’s exposure to meme-based and altcoin trades, following his previously liquidated positions.