Giant Whale James Wynn's Latest Updates:
PEPE Trader's 'Cutting Leeks' Tactics? 🔪
James Wynn (@JamesWynnReal), a legendary figure in the cryptocurrency circle, once invested $8,524 to buy 28.3 trillion PEPE tokens, ultimately making a profit of over $12.8 million, with a staggering return of 1,503 times. However, his recent actions have sparked widespread attention and questioning within the community.
Latest Actions:
• On May 25, Wynn transferred 491 billion PEPE to Binance, worth approximately $7.54 million.
• An hour later, he posted on X (formerly Twitter) stating, "PEPE is still severely undervalued."
• Previously, he had sold 18.1 trillion PEPE, cashing out around $4.57 million, and still holds about 47.68 billion PEPE, valued at approximately $7.48 million.
Transferring a large amount of tokens to an exchange is often seen as a signal of preparing to sell. Wynn immediately made bullish statements after the transfer, possibly aiming to maintain market enthusiasm and provide liquidity for his selling actions.
Other Controversial Actions:
• ELON Token Incident: Before promoting the ELON token, Wynn had already built positions through two accounts. Subsequently, the price of ELON skyrocketed nearly 100 times in a short period. However, after the price plummeted by 70%, Wynn announced he had liquidated his holdings and claimed there were issues with the token. In fact, he had completed the liquidation operation at 3 AM on April 25 through an infrequently used address.
• BabyPepe Incident: Wynn was accused of recommending the BabyPepe token in a Telegram channel, then quickly selling off 2% of the token supply he held, causing a significant price drop. Screenshots provided by community members showed that Wynn deleted related content and cut off contact with the community.
James Wynn's trading methods have sparked widespread discussion in the cryptocurrency circle. His actions are viewed by some as a typical case of leveraging influence for 'cutting leeks.' Investors should remain vigilant in the face of similar market behaviors to avoid becoming victims of high-position purchases.
