Trader James Wynn has closed his Ethereum long positions, initially opened between $3,807 and $4,120, to mitigate potential losses amid market volatility. Wynn, who previously made headlines with a $25 million profit from a $7,000 PEPE trade, has now turned his attention to Zcash (ZEC). He has initiated a pyramiding strategy for ZEC, starting at $237, with an average price of $226.6. This move comes as the market experiences increased volatility, with significant fluctuations in gold and altcoin prices.