Another "order king" overturned, once earning 25 million US dollars for heavy investment in PEPE
Original title: "Legendary Meme Coin Hunter James: Earned $25 million with $7,000, but now the shouting effect has failed"
Original author: Frank, PANews
After experiencing the trust crisis of ELON, James Wynn's shouting effect seems to be ineffective. In recent days, the MONKE coin he waved the flag for did not achieve a surge, but was sold by retail investors while shouting. As of 10 am on April 29, James Wynn's own position also turned into a loss state (another small address recovered the cost because it ran faster).
How to become a Meme coin god, this may be the ultimate question for every Meme player. Even if you can't become a god-level player, for many players, following the footsteps of those successful people and "following orders" seems to be one of the shortcuts. Today, PANews tried to unlock the secrets of the Meme game by tracking the legendary Meme player James Wynn of PEPE coins on the chain.
Among the many legendary hunters of Meme coins, James Wynn (@JamesWynnReal) has been very popular recently. First, Lookonchain found that he made $12.8 million on PEPE (in fact, PANews found more than that), which caused heated discussions in the industry. Then James Wynn made full use of this wave of traffic and shouted ELON tokens in a high-profile manner. After shipping at a high price, he left a sentence "there is a problem with the project", causing the market to plummet by more than 70%, which also attracted criticism from fans.
PANews calculated after analyzing the on-chain data of 26 James Wynn-related wallet addresses that James Wynn earned about $25 million during the surge in PEPE tokens, with a principal of only $7,644. In the process of calling out ELON tokens, James Wynn's operation did have the suspicion of pulling up and cutting fans.
26 addresses layout PEPE, $7,000 becomes $25 million
For ordinary Meme players, when you choose to buy a Meme coin, how many addresses will you choose to buy or sell? Most people may choose 1~2 addresses. After all, Meme coins are a game of small bets and big gains. No one can predict that their bets will definitely make a profit, so there may not be too much in terms of capital investment or wallet address preparation. James Wynn went through up to 26 wallet addresses during the PEPE coin transaction, while only three addresses were known to the public before.
James Wynn's wallet address correlation analysis
According to PANews' investigation, James Wynn has a "deep connection" with PEPE coins.
PEPE coins were officially launched on April 14, 2023. James Wynn's Twitter account was registered in April 2023. Before April 16, he had not sent any Twitter content. His earliest Twitter was a call for PEPE coins.
James Wynn quickly bought the first transaction through the 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662 address within 1 day after PEPE went online, spending 0.54 ETH, and then completed 3 transactions with 3 addresses within 30 minutes, purchasing a total of about 4.2 trillion PEPEs, spending a total of 3.5 ETH, accounting for about 1% of the total supply.
After completing the initial layout, James Wynn began to quickly call for PEPE on Twitter. On April 16 alone, James Wynn posted at least 24 promotional content, which seemed a bit too much for an ordinary player.
As the popularity of PEPE gradually increased on social media, some Meme communities also noticed this token. More PEPE coin fans emerged, pushing the price of PEPE coins all the way up. From April 16 to April 19, PEPE basically maintained a growth of about 1 to 2 times every day.
On April 17, James Wynn sold the principal he had previously invested, and then bought a small amount again with one of the accounts on April 18. By May 1, the price at this time had risen 100 times compared to James Wynn's cost, perhaps considering that decentralized addresses are less likely to attract the attention of other players. James Wynn transferred the PEPE coins he held to multiple new addresses.
Take 0x1996a2Cd7E4f12aF62D637883228Fea805AE0e6d as an example. This address initially purchased 974b PEPE. After selling part of the ETH on April 17, the remaining PEPE was transferred to two addresses. After the two addresses sold the ETH in batches, the ETH was collected to the address 0xbC6D62D318Da4fD5146C80d0b73908Ad7793Ea1A, and then transferred from these collection addresses to James Wynn’s main wallet jwynn.eth. Finally, part of the funds were transferred to the exchange address through the main wallet address.
In James Wynn's transactions, he seemed to deliberately avoid the connection between the four initial purchase addresses. The connection between these addresses was only discovered after penetrating 6~7 layers of wallets.
According to PANews statistics, James Wynn recharged 1,771 ETH, 168,900 USDC, and PEPE coins worth 3.94 million US dollars to various centralized exchanges in the following months. The total assets on the chain are currently about 15.38 million US dollars. The total profit is about 25.33 million US dollars.
It seems unconvincing to say that James Wynn's exaggerated income is just luck. Before getting rich through PEPE, James Wynn was also a 10U war god, and his wallet interactions generally amounted to tens of US dollars. But when it comes to trading PEPE, it suddenly becomes radical. Besides, except for 3 wallet addresses that have been interacting on Binance Chain for a long time, the rest are basically established after trading PEPE. Perhaps it was some revelation or inside information? James Wynn's first gamble on the Ethereum chain was so successful.
Hardworking billionaire, clearing his position while shouting orders
Even after having billions of assets, James Wynn has not changed his habit of looking for Meme and interacting on Twitter, updating dozens of dynamics every day. As the story of getting rich became known to more people, James Wynn's fans also rose to 19,000 in just one year, and he was also praised as the God of PEPE by the community because of PEPE's deeds.
A year after James Wynn first bought PEPE, at 4:38 pm on April 24, 2024, James Wynn posted another tweet: "I think I have a 1,000x for you, who wants it?" About an hour before he posted this tweet, he had just completed the layout of two accounts in ELON tokens, and the token had been online for less than half an hour.
As usual, James Wynn immediately began to announce relevant information about ELON tokens, and used all kinds of praise to promote this new Meme coin, with the same enthusiasm as last year's promotion of PEPE. After a year, James Wynn's appeal is also extraordinary, and many bloggers who specialize in Meme coins are also running into the market in his shouting.
A few hours later, the price of ELON tokens rose nearly 100 times compared to James Wynn's cost. I don't know whether it was to show his sincerity in being in the same trench with his fans or because he thought ELON could really become the next PEPE, James Wynn chose to increase his position after ELON rose sharply.
But the price trend did not seem to replicate the unstoppable momentum of PEPE. On the evening of April 25, ELON only rose a little more than the high point of the previous day and then began to fall. At about 3:35 a.m. on the 27th, the price of ELON suddenly fell by 70%. James Wynn then announced on Twitter that he had cleared his position and said that there was something wrong with the ELON token. At this time, everyone realized that it was James Wynn's liquidation that caused the crash. According to PANews, James Wynn not only laid out the well-known address jwynn.eth, but also quietly used another uncommon address 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662 to buy ELON earlier, and this account had been cleared as early as 3 o'clock on the 25th. At that time, James Wynn's tweets were still flying on social media like snowflakes.
According to statistics, during this operation, both accounts of James Wynn were in the top ten of the profit list (ranked 2nd and 8th respectively), with a profit of about 350,000 US dollars. However, this profit does not seem to reach James Wynn's ideal state, and he has already started to call orders for several other projects.
Perhaps, we can go back to the two questions at the beginning. How to become a Meme master? James Wynn's road to becoming a master seems to have little to do with the traditional Meme gameplay technology, but more like a classic marketing case.
As for the second question, since it is difficult to become a master, would it be a shortcut to follow such a master to buy? Perhaps those users who have experienced the ELON crash have their own answers.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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