James Wynn faces backlash after allegedly dumping $68K in tokens he promoted, raising serious concerns about influencer integrity.
A detailed thread exposes Wynn's BabyPepe dealings, accusing him of manipulating followers and profiting from insider token access.
The crypto community questions Wynn's ethics as evidence mounts of deceptive practices, triggering calls for accountability in Web3 spaces.
James Wynn, a known crypto trader, is under fire after accusations of manipulating meme coin markets. A heated exchange erupted online following Wynn’s warning about a new coin falsely using his name. He labeled it a scam, urging followers to avoid it. The warning came with data highlighting a suspicious $4.3 million in volume and a $495K market cap.
However, blockchain investigator ZachXBT quickly countered Wynn’s claims. He pointed out Wynn's own history of promoting similar coins and allegedly profiting from them. Moreover, crypto user underc0verwhale launched a detailed 15-part thread, exposing Wynn's questionable behavior in a past project.
Allegations of Manipulation and Hypocrisy Surface
According to the thread, Wynn reached out to the BabyPepe project team in June. He asked for 2% of the token supply, which was then valued at $57,000. He claimed he could push its market cap to $20 million. He also allegedly asked not to receive tokens through his doxxed ENS wallet, raising eyebrows over his intentions.
Shortly after acquiring the tokens, Wynn allegedly began promoting the coin subtly. He asked his Telegram community about their thoughts on $BABYPEPE. A small pump followed. Within hours, Wynn began selling in chunks of $6,000, netting about $68,000 from the transaction. Significantly, he later distanced himself from the project and deleted his posts.
Community Reactions and Ethical Concerns
Crypto users slammed Wynn’s actions, calling them deceptive and self-serving. Some defended him, citing the lack of a formal agreement. However, critics pointed to his own words offering promotional support and strategic advice as proof of intent.
Additionally, the BabyPepe team claims they were blocked by Wynn after the dump. This move further intensified suspicions. Moreover, Wynn mocked the backlash by posting a meme targeting disappointed investors.
Consequently, his credibility is now in question. Many fear new traders may fall victim to such influencer-driven traps. The incident highlights a broader issue in the crypto space: the unregulated power of influencers.
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