ZachXBT knocks back James Wynn’s denial of coordinated token launches in his name

Blockchain detective ZachXBT refuted James Wynn’s claim that a conspiracy group is launching tokens in his name and scamming users at price peaks. He argued that Wynn has run the same type of memecoin scams on his followers over the past few years.

James Wynn is known in crypto for his high-leverage contract trading and meme coin investments. He has also faced criticism over his promotion of low-cap tokens. Star Platinum showed that the crypto trader promoted tokens like WLON and WYNN, which were supposedly tied to him.

Wynn denies pumping and dumping meme coins

🚨 WARNING 🚨 SCAM ALERT 🚨
you literally pumped and dumped the same kind of meme coin scams on your followers over the past few years. https://t.co/aqxuMW3WJY

— ZachXBT (@zachxbt) May 28, 2025

In July 2024, Dylan accused Wynn of receiving 2% of the Babypepe supply and gradually dumping it after inflating the price. He faced backlash for not only dumping the tokens that the CTO team worked hard to acquire, but he also sold them to his followers, profiting $68,000.

James Wynn was also linked to the recent controversy around the Solana meme coin MOONPIG. The trader allegedly purchased about 3% of the digital asset’s total supply, helped pump its price to a peak, and then sold off his holdings, which some in the community argued caused the sharp price drop.

Wynn denied the accusations and any wrongdoing, arguing that he was only an investor and not involved in developing or manipulating the coin. He claimed that the top wallet was never his, and he doesn’t usually entertain such FUD. 

Alongside his high-profile rise, there are controversies and doubts around his type of digital asset investments, marked with significant losses and allegations of questionable practices. Wynn’s trading activity can be tracked from as early as December 2020.

Pseudonymous user Star Platinum revealed that the trader reportedly received $6,000 in Ethereum from the now-defunct firm linked to Sam Bankman-Fried, Alameda Research. He started to attract more attention to his trades a few years later.

Wynn notes in his X bio that he was one of the early investors of PEPE, a token inspired by the globally recognized ‘Pepe the Frog’ meme. The crypto trader bet on the digital asset when its total market value was $600,000. 

Wynn later predicted in April 2023 that PEPE would reach a $4.2 billion market cap, an unorthodox call made when the coin was just at a $4.2 million market cap. The trader’s bet turned lucrative, following PEPE’s success, which made his early investments into millions.

After success with meme coins, Wynn shifted focus to leveraged trading and joined Hyperliquid. Lookonchain noted that he has been actively trading on the platform since March 13, racking up $46.5 million in profit in under 2 months.

James Wynn records losses and gains on his crypto trades

On-chain data from Hyperdash revealed that the trader has executed a total of 39 trades, with 17 of them resulting in profits. The firm also showed he has reduced his BTC long position, now valued at $200M, with a floating loss of ~$800K. 

The analytics firm also noted that Wynn’s PNL rose from $5.7M to $87M from May 5 to May 23 but currently stands at $1.91M. The crypto trader has lost around $55.3M in less than a week.

On-chain data showed that Wynn’s most profitable trades include a long position in PEPE, which garnered $25.19 million in profit, followed by a long position in Bitcoin, with $6.83 million generated. Lookonchain data also highlighted that Wynn has benefited from Hyperliquid, paying the platform approximately $2.31 million in trading fees.

James Wynn suffered his largest loss on May 25, around $15.86 million on a short Bitcoin position. He has also previously lost other trades, including around $3.69 million on a long Ethereum trade, approximately $1.59 million on a long Sui position, and $976,635 lost on a long BTC trade.

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