Ex-Bankrupt ETH Whales Rebuild DOGE, BTC and XPL Leverage
Three high-profile ETH whales—James Wynn, AguilaTrades and @qwatio—who previously faced multi-million-dollar bankruptcies have opened new leveraged positions on DOGE, BTC and XPL derivatives. James Wynn, after liquidating a 25x ETH long, now holds about $240,000 in DOGE with a 10x long at an entry price of $0.23963, incurring a 30-day net loss of roughly $226,000. AguilaTrades closed a 25x ETH short and currently holds approximately $2.82 million in BTC with a 40x long (entry $115,077; liquidation at $113,640), showing a 30-day net loss near $6.69 million. The trader @qwatio exited a 3x XPL short after keeping 20,000 coins (entry $0.5768; exit $0.517), following a public insolvency on August 7. These moves illustrate renewed risk appetite among notorious ETH whales and may heighten short-term market volatility.
Neutral
The renewed leveraged trading by ex-bankrupt ETH whales may drive short-term volatility but is unlikely to shift overall market direction. Similar past events saw whale reentries spark spikes in volume and price swings, yet repeated liquidations capped sustained rallies. Traders should brace for heightened trading activity and potential price whipsaws, while the broader crypto market remains guided by macro factors and institutional inflows.