On the evening of June 1, Sun Yuchen, global advisor of Huobi HTX and founder of TRON, had an in-depth dialogue with renowned contract trader James Wynn through Huobi's live stream, discussing the future of the Meme ecosystem and trading platforms. The discussion not only focused on the pain points and opportunities in crypto trading but also revealed the core trends of the next round of industry transformation: decentralization, community-driven, and user freedom. Former professional Muay Thai fighter and businessman Andrew Tate, as well as the Meme project Moonpig team, also participated in this live stream.
The community is the soul of the Meme project; the whales are not.
James Wynn is known for his massive contract positions and his investment and support for the Meme ecosystem. Speaking about the current Meme ecosystem, he pointed out that the vast majority of Meme projects are now controlled by 'centralized interest groups', becoming tools for high-frequency speculation, losing their original cultural core. 'Many Meme coin teams deliberately create shallow liquidity pools and offload during high trading volumes, then easily inflate prices to create illusions,' James Wynn said. Therefore, those projects that are genuinely sincere and completely community-driven are even more precious. In his view, PEPE and the recently launched MOONPIG on Huobi HTX both embody community spirit and beliefs that can resonate.
In terms of project selection, Sun Yuchen shares similar views with James Wynn. 'I value passion, resonance, and communities that have narratives and souls behind them, especially those that are truly decentralized and user-led projects. Huobi HTX is committed to creating a platform that supports high-quality Meme projects, and we will do our utmost to help the projects launched on Huobi HTX grow.'
$100 million loss: Confrontation with the operators.
Recently, James Wynn's high-leverage contract positions have been the focus of the market. During a live stream, he shared his experience of being liquidated for $100 million, stating that the massive losses were due to being targeted by large market makers. 'They don't like to see civilians making money; the larger your position, the more you will be targeted,' James Wynn said. 'When I am besieged, I do not give up, but rather retaliate. When the time is right, I will return to the market with 40x leverage and multi-hundred million dollar long positions.'
'In fact, I enjoy this process. Even if I make $1 billion, I won't spend it on myself. What I pursue is not wealth itself, but the thrill of this game.'
The future of exchanges is decentralized.
As one of the most seasoned builders in the crypto industry, Sun Yuchen and James Wynn discussed the development direction of exchanges. 'My goal has always been clear: to enable users to complete transactions more quickly and easily, lowering the barriers to entry and improving various pain points existing on current trading platforms. I hope to build a trading experience that is more humane, fairer, and freer,' Sun Yuchen said.
On this topic, James Wynn, who has been 'hunted' by centralized institutions, also supports the development path of decentralization. He stated, 'If exchanges want to improve, they need to look to Hyperliquid. Its success lies in challenging the scrutiny and restrictions of the financial system, removing the set of rules that people oppose, allowing free trading without red tape. Whether CEX or DEX, liquidity has always been an unavoidable issue, and the key to solving it is community—truly decentralized users and communities are our core strength against centralized authority.'
Sun Yuchen admitted that he is studying the mechanisms of Hyperliquid. 'We are doing our utmost to promote the growth of Huobi HTX. I am also continuously paying attention to the different characteristics and advantages of other exchanges, hoping to optimize the product experience of Huobi HTX through observation and learning, making it more user-friendly and closer to users.'
The policy environment is improving, and the crypto industry is gaining mainstream acceptance.
During the live stream, Sun Yuchen, who had just returned from the United States, shared his views on the trends in crypto policy, expressing an optimistic outlook for the future development of the industry. 'During my meeting with President Trump, we specifically discussed policy issues related to cryptocurrency, and both sides expressed a very optimistic attitude. The current policy environment is becoming increasingly friendly to the crypto industry, especially for Bitcoin and Ethereum. In the future, we will see more companies and investors begin to recognize this industry.'
'In fact, many mainstream listed companies are already buying crypto assets; this trend is accelerating. We have reason to believe that more large enterprises and mainstream institutions will embrace cryptocurrency in the near future. And in this process, the United States will also become one of the most important participating countries in the world.'
Conclusion: In the next phase, the industry needs more authentic co-builders.
From community culture to institutional signals, from market structure to trading freedom, this live stream outlines the multi-dimensional transformation that the crypto industry is undergoing. Although Sun Yuchen and James Wynn come from different backgrounds, they share a common goal: to build a more free, fair, and authentic crypto ecosystem.
As James Wynn said during the live stream: '(The construction project) is not even about money for me, but rather about my self-awareness being involved.' For the industry, this belief is more powerful than the market's ups and downs.
As one of the earliest mainstream trading platforms to lay out decentralized development in the crypto industry, Huobi HTX has always adhered to the core concept of 'user first, technology-driven', committed to building a more free, transparent, and fair trading environment. From supporting high-quality community Meme projects to promoting the construction of DAO governance systems, Huobi HTX is leading the industry towards a more open future with forward-looking strategic vision and practical actions, injecting long-term value into the global crypto ecosystem.
