According to COINOTAG and HyperInsight monitoring on August 20, trader James Wynn has re-entered the contract trading market, initiating a small long on ETH at $4,239 with a position size of approximately $151,700 and a liquidation price set at $4,053.52.
Wynn, who gained prominence for substantial PEPE holdings and high-frequency, large-scale derivatives activity on Hyperliquid, first drew market attention in March; his high-leverage BTC long was liquidated on May 30, reportedly wiping a roughly $100 million position.
This marks his first publicly disclosed contract position in over two months; the comparatively modest position sizing suggests a scaled re-entry into the derivatives space rather than an immediate return to prior high-leverage strategies.