On-chain sleuth ZachXBT has issued a warning about the ZEUS meme coin’s founders.
The warning came after whale James Wynn purchased over $100,000 worth of ZEUS tokens.
ZachXBT linked the project’s creators to a firm that promoted market manipulation.
A major on-chain transaction by the well-known crypto whale James Wynn has drawn renewed scrutiny to the ZEUS meme coin, as prominent blockchain investigator ZachXBT has issued a public warning about the project’s founders.
The controversy ignited after on-chain data showed Wynn spent 39 ETH (approximately $104,000) to purchase 2.446 trillion ZEUS tokens. The warning highlights the creators’ past links to a company that openly promoted market manipulation strategies.
ZEUS Whale Buy Sparks Fresh Warnings of Market Manipulation
According to monitoring by Onchain Lens, James Wynn made a sizeable purchase of ZEUS meme tokens on June 16. On-chain data points out that such whale activity can appeal to retail traders, potentially leading them to follow these large moves, sometimes increasing volatility in the process.
3 hours ago, James Wynn (@JamesWynnReal) spent 39 $ETH worth $104K to buy 2.446T $ZEUS (@zeus…
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