James Wynn accused of meme coin pump-and-dump scheme

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Mikhail Vnuchkov

28.05.2025

James Wynn accused of meme coin pump-and-dump scheme — Early investments bring huge profits

Crypto trader James Wynn, known for high-leverage trading and investing in meme coins, is accused of promoting low-cap tokens and dumping them at price peaks.

The controversy began when Wynn himself warned that a group of scammers was launching tokens under his name and crashing their prices. However, blockchain investigator ZachXBT claims Wynn has been conducting similar pump-and-dump schemes with meme coins against his followers for years.

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One of the tokens Wynn allegedly promoted is Babypepe. He reportedly bought 2% of the total supply and gradually sold off his tokens after the price rose, earning $68,000.

He is also allegedly linked to meme coins WLON and WYNN, the latter of which has lost over 99% of its value.

Wynn has also been named in connection with the recent scandal around MOONPIG, a Solana-based meme coin. He reportedly acquired around 3% of the total supply, helped push the price to a peak, then sold off his tokens — which, according to some in the community, caused the price to crash from $0.12 to $0.035 in less than a week.

Price dynamics of MOONPIG for the last 7 days. Source: CoinMarketCap

Wynn denies all allegations, claiming he was merely an investor and not involved in token development or manipulation. He says he only supports two meme coins – PEPE and MOONPIG – and invested over $1 million into MOONPIG “without making a cent from his bag.”

Early investments bring huge profits

James Wynn rose to prominence after investing early in PEPE when its market cap was only $4.2 million. Since then, it has surged 1,370x to $5.75 billion.

After PEPE’s success, Wynn began leveraged trading and joined Hyperliquid. According to Lookonchain, he has actively traded on the platform since March 13, earning $46.5 million in less than two months.

Hyperdash data shows Wynn made 39 trades in total, 17 of which were profitable. He has reduced his long BTC position, now worth $200 million, with an unrealized loss of about $800,000.

The analytics firm also reported that Wynn’s PNL surged from $5.7 million to $87 million between May 5 and May 23, but currently sits at $1.91 million — a loss of about $55.3 million in less than a week.

As we wrote, meme coin millionaires are individuals who have amassed significant wealth by investing early in cryptocurrencies inspired by internet memes,

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