After the $ELON trust crisis, the shouting effect of meme coin trader James Wynn seems to be ineffective. In recent days, the MONKE coin he waved the flag for has not only failed to soar, but also encountered retail investors selling at the same time as 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). (Communication point avatar Kan, Jianjie)
How to become a Meme coin master? This may be the ultimate question for every Meme player. Even if you cannot become a master-level player, for many players, following the footsteps of those successful people seems to be a shortcut. Today, PANews tried to unlock the secrets of the Meme game by tracking the legendary Meme player James Wynn of PEPE coin on the chain.
Among the many legendary hunters of Meme coins, James Wynn (@JamesWynnReal) has been the most talked about recently. First, Lookonchain's monitoring revealed that he made $12.8 million on PEPE (in fact, PANews found more than that), which triggered heated discussions in the industry.
James Wynn then took full advantage of this wave of traffic and loudly called for ELON tokens. After selling at a high price, he left a sentence "there are problems 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 raising the price to cut fans.
26 addresses deployed PEPE, 7000 US dollars turned into 25 million US dollars
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 whether in terms of capital investment or wallet address preparation, there may not be too much.
During the transaction of PEPE coins, James Wynn went through up to 26 wallet addresses, while only three addresses were previously known to the public.
James Wynn’s wallet address correlation analysis
According to PANews' investigation, James Wynn has a "deep connection" with PEPE coin.
PEPE coin was 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 tweet was a call for PEPE coin.
James Wynn quickly purchased the first transaction through the address at a cost of 0.54 ETH within one day after PEPE went online. He then completed three transactions using three addresses within 30 minutes, purchasing a total of approximately 4.2 trillion PEPEs at a total cost of 3.5 ETH, accounting for approximately 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 released at least 24 promotional contents. For an ordinary player, this seems a bit too much.
As PEPE's popularity gradually increased on social media, some meme communities also noticed this token. More PEPE coin fans emerged, pushing the price of PEPE coin up. From April 16 to April 19, PEPE basically maintained a daily growth of about 1 to 2 times.
On April 17, James Wynn sold the principal he had invested, and then bought a small amount again with one of his accounts on April 18. By May 1, the price 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.
Taking this address as an example, it initially purchased 974b PEPE. After selling part of the ETH on April 17, it transferred all the remaining PEPE to two addresses. After these two addresses sold them in batches for ETH, the ETH was collected into
The address 0xbC6D62D318Da4fD5146C80d0b73908Ad7793Ea1A is then transferred from these collection addresses to James Wynn’s main wallet jwynn.eth, and finally part of the funds are 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 deposited 1,771 ETH, 168,900 USDC, and PEPE coins worth $3.94 million into various centralized exchanges in the following months. Currently, the total assets on the chain are about $15.38 million. The total profit is about $25.33 million.
It seems hard to believe that James Wynn's exaggerated gains were just due to luck. Before he got rich through PEPE, James Wynn was also a 10U warrior, and his wallet interactions were generally around tens of dollars. But when it came to trading PEPE, he suddenly became aggressive, and except for 3 wallet addresses that had long-term interactions on the Binance chain, the rest were basically established after trading PEPE. Perhaps he got some inspiration or internal information? James Wynn's first gamble on the Ethereum chain was so successful.
The hard-working billionaire is clearing his positions while calling orders
Even after he had billions of dollars in assets, James Wynn did not change his habit of looking for memes and interacting on Twitter, updating dozens of dynamics every day. As his story of getting rich quickly became known to more people, James Wynn's number of fans increased to 19,000 in just one year, and he was also praised by the community as the PEPE God because of PEPE's deeds.
One year after James Wynn first purchased PEPE, at 4:38 pm on April 24, 2024, James Wynn posted another tweet: "I think I have a 1000x for you, who wants it?" About an hour before he posted this tweet, he had just completed the layout of two accounts in the ELON token, and the token had been online for no more than half an hour.
As usual, James Wynn immediately began to release 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 also rushed into the market under his orders.
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 night of April 25, ELON only rose a little more than the previous day's high and then began to fall. At around 35 minutes before dawn 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 used the well-known address jwynn.eth, but also quietly bought ELON earlier with another uncommon address, and this account had already liquidated its position as early as 3:00 on the 25th. At that time, James Wynn's tweets were still flying like snowflakes on social media.
According to statistics, during this operation, both of James Wynn's accounts 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 did not seem to meet James Wynn's ideal state, and he had already started to call orders for several other projects.
Perhaps, we can return 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, is it a shortcut to follow such a master to buy? Perhaps those users who have experienced the ELON crash have their own answer.
