Legendary Meme Coin Hunter James: Made $25 million from $7,000, but now the call effect has failed

Author: Frank, PANews
After experiencing a trust crisis with ELON, the shouting effect of James Wynn seems to have failed. In recent days, the MONKE coin he has been promoting has not seen a surge; instead, it faced retail sell-offs at the same time. As of 10 AM on April 29, James Wynn's own holdings had also turned into losses (another small account managed to recover costs due to a quicker exit).

How to become a Meme coin master may be the ultimate question for every Meme player. Even if one cannot become a master-level player, for many players, following in the footsteps of successful individuals and "copying trades" seems to be one of the shortcuts. Today, PANews attempts to unravel the secrets of the Meme game by conducting on-chain tracking of the legendary Meme player James Wynn with the PEPE coin.

Among the legendary hunters of Meme coins, James Wynn (@JamesWynnReal) has recently been a hot topic. First, it was discovered through Lookonchain monitoring that he made $12.8 million on PEPE (in fact, PANews found it to be more than that), sparking industry discussions. Subsequently, James Wynn fully capitalized on this wave of traffic by loudly promoting the ELON token. After selling at a high point, he left a remark saying "the project has issues," leading to a market crash of over 70%, which also drew criticism from fans.

After analyzing on-chain data from 26 wallet addresses related to James Wynn, PANews calculated that he earned approximately $25 million during the surge of the PEPE token, with an initial investment of only $7,644. Moreover, during the promotion of the ELON token, James Wynn's actions indeed raised suspicions of manipulating prices and cutting off fans.

26 Addresses Layout PEPE, $7,000 Turns into $25 Million

For ordinary Meme players, when you choose to buy a Meme coin, how many addresses do you use to buy or sell? Most people might choose just 1 to 2 addresses, as Meme coins are about taking small risks for big rewards, and no one can predict that their bets will definitely be profitable. Therefore, both in terms of capital investment and wallet address preparation, there may not be too many. However, during the trading of the PEPE coin, James Wynn used as many as 26 wallet addresses, while the public previously only knew of three addresses.

Analysis of James Wynn's wallet address associations

According to PANews' investigation, James Wynn has a "deep connection" with the PEPE coin.

The PEPE coin officially launched on April 14, 2023, and James Wynn's Twitter account was registered in April 2023. Before April 16, he had not posted any tweets, with his earliest tweet being the promotion of the PEPE coin.

Within one day of PEPE's launch, James Wynn made his first transaction by spending 0.54 ETH through the address 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662. Subsequently, within 30 minutes, he completed three transactions using three different addresses, purchasing approximately 420 trillion PEPE coins in total, spending 3.5 ETH, which accounted for about 1% of the total supply.

After completing the initial layout, James Wynn quickly began promoting PEPE on Twitter. On April 16 alone, he posted at least 24 promotional tweets, which seemed a bit excessive for an ordinary player.

As the popularity of PEPE gradually rose on social media, some Meme communities also took notice of this token. More PEPE enthusiasts emerged, pushing the price of PEPE to climb steadily, maintaining about 1 to 2 times growth daily from April 16 to April 19.

On April 17, James Wynn sold the principal he had invested earlier and then made a small purchase again on April 18 using one of his accounts. By May 1, the price had increased 100 times compared to James Wynn's cost. Perhaps considering that spreading addresses would make it less likely to attract the attention of other players, James Wynn transferred his holdings of PEPE to multiple new addresses.

Taking the address 0x1996a2Cd7E4f12aF62D637883228Fea805AE0e6d as an example, this address initially purchased 974 billion PEPE. After selling part of the ETH on April 17, the remaining PEPE was transferred to two addresses. From these two addresses, the PEPE was sold in batches for ETH, which was then consolidated to the address 0xbC6D62D318Da4fD5146C80d0b73908A7793Ea1A, and finally transferred to James Wynn's main wallet jwynn.eth, with part of the funds moved to an exchange address.

In James Wynn's transactions, he seemed to deliberately avoid revealing the connections between the four initial purchase addresses. These connections were only discovered after penetrating 6 to 7 layers of wallets.

According to PANews statistics, James Wynn subsequently deposited 1,771 ETH, 168,900 USDC, and PEPE worth $3.94 million into various centralized exchanges over the following months. Currently, the total on-chain assets remaining amount to about $15.38 million, with total profits of approximately $25.33 million.

If James Wynn's exaggerated profits seem hard to believe as merely luck, before becoming wealthy through PEPE, he was also a 10U warrior, with his wallet interactions generally involving amounts around several dozen dollars. However, when trading PEPE, he suddenly became aggressive, and apart from three addresses that had long interacted on the Binance chain, the rest were mostly established after trading PEPE. Perhaps he gained some insights or insider information that led to his first big gamble on the Ethereum chain being so successful.

The Diligent Billionaire, Shouting While Liquidating

Even after amassing billions in assets, James Wynn has not changed his habit of searching for Meme coins and interacting on Twitter, updating dozens of posts daily. As the story of his sudden wealth became known to more people, James Wynn's follower count surged to 19,000 in just one year, and he was hailed as the PEPE master by the community due to his achievements with PEPE.

One year after James Wynn's first purchase of PEPE, on April 24, 2024, at 4:38 PM, he posted on Twitter: "I think I have a 1000x for you, who wants it?" About an hour before this tweet, he had just completed layouts for two accounts in the ELON token, which had just launched less than half an hour earlier.

As usual, James Wynn immediately began announcing information about the ELON token and used various praises to promote this new Meme coin, showing enthusiasm comparable to his promotion of PEPE last year. A year later, James Wynn's influence was extraordinary, and many bloggers specializing in Meme coins rushed to enter the market following his call.

A few hours later, the price of the ELON token had risen nearly 100 times compared to James Wynn's cost. Uncertain whether to further demonstrate his sincerity to fans or believing that ELON could genuinely become the next PEPE, James Wynn chose to increase his position after the significant rise of ELON.

However, the price trend did not seem to replicate PEPE's meteoric rise. On the evening of April 25, ELON only rose slightly above the previous day's high before starting to decline. By around 12:35 AM on the 27th, the price of ELON suddenly dropped by 70%. James Wynn then announced on Twitter that he had liquidated his positions and stated that the ELON token had some issues. It was at this point that everyone realized 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 bought ELON earlier with another less-used address 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662, which had already been liquidated by 3 AM on the 25th, while James Wynn's promotional tweets were still flooding social media.

Statistics show that during this operation, both accounts were among the top ten in terms of profits (ranking 2nd and 8th respectively), with profits of about $350,000. However, this profit did not seem to meet James Wynn's ideal state, as he had already begun promoting several other projects.

Perhaps at this point, we can return to the two initial questions. How to become a Meme master? James Wynn's path to mastery seems to have little to do with the traditional technical play of Meme coins and resembles a classic marketing case.

As for the second question, since becoming a master is difficult, would following such a master be a shortcut? Perhaps those who experienced the collapse of ELON already have their own answers.