Bitcoin (BTC), Ethereum (ETH), and altcoins started 2026 with a strong recovery. This recovery has also energized whales, and James Wynn, known as the Hyperliquid whale, has made another bold move.
Accordingly, James Wynn, known as a whale of the decentralized exchange (DEX) Hyperliquid (HYPE), opened a long position in Ethereum.
OnChainLens, an on-chain data platform, reported that James Wynn opened a long position on Ethereum with 25x leverage.
According to the platform, James Wynn closed his long position in Bitcoin after making a profit of approximately $88,000, and then opened an ETH position after Bitcoin.
Wynn is also known to currently hold a long position on Pepe (PEPE) with 10x leverage, in addition to his Ethereum holdings.
Legendary whale Wynn stated that he believes Ethereum will currently outperform Bitcoin:
“Yes, I’ve always said that BTC is my favorite thing to trade. However, as of now, I think ETH will significantly outperform BTC in the coming weeks.”
And of course, the PEPE long position remains open. If ETH or BTC moves, PEPE moves harder, faster, and stronger. That’s a basic memetic principle.”
James Wynn has been making headlines with his bold moves, and in recent weeks he announced his decision to invest a significant portion of his portfolio in XRP.
*This is not investment advice.
