Tuesday, January, 21, 2025

Crypto Trader James Wynn: Accused of Secretly Profiting from Meme Coin Frauds

Crypto trader James Wynn faces serious allegations of profiting from meme coin scams while warning followers, sparking intense debate and calls for transparency.
James Wynn
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Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • James Wynn is accused of secretly profiting from scam meme coins despite cautioning his followers.
  • Reports claim Wynn obtained BabyPepe tokens and quickly sold them for significant profit.
  • Silence from Wynn fuels doubts as the crypto community demands answers and accountability.

Crypto trader James Wynn is now accused of secretly profiting from scam meme coins by blockchain investigator ZachXBT. The dispute started with Wynn pointing out that fake tokens had been issued in his name and telling his fans not to trade suspicious items. Nobody was allowed to use any token but MOONPIG or PEPE because every other one was, in his opinion, a scam.

ZachXBT replied immediately, claiming that Wynn behaved in the same tricky way he cautioned people about. Because of this, people started to look into Wynn’s previous involvements with crypto. Users started sharing conversations and screenshots that seem to show he has engaged in doubtful practices.

BabyPepe Token Allegations

A user called Dylan made one of the longest claims over a 15-part thread on X. He claimed that Wynn contacted the developers of BabyPepe, a project that took off in mid-2024. Dylan stated that Wynn secretly wanted to get some tokens and apparently asked, “Can you secure me a bag?”

Wynn apparently received 2% of all BabyPepe, gave away most of it and the money was worth $57,000 at the time. After that, he offered to make the token’s market cap rise to $20 million. Within a short time after talking about the coin in his Telegram group, Wynn reportedly sold his entire holding. According to Dylan, Wynn made over $68,000 in just a few hours.

He supposedly stopped interacting with BabyPepe after profiting from them and blocked their accounts on all platforms. Because of this, even greater criticism arose, as it seemed he only left after profiting from the project. Most users responded positively by supporting the claim that Wynn betrayed his own fans.

Wynn’s Silence Raises Questions

A lot of people saw ZachXBT’s post and it led to a lot of criticism. Wynn was suspected by critics of arguing for caution against scams, while actually taking part in them privately. They raised doubts about his aims and were concerned about the impact he had on trading businesses.

While there is growing pressure, Wynn has yet to make a public comment about the allegations against him. Despite no comments from him, some assume he’s trying to get away with it, but others think he will answer the claims in the future.

After risky trade moves like the $111,000 Bitcoin trade with 40X leverage this month, Wynn’s name is now gaining negative attention. Due to ZachXBT’s reputation, the crypto community now closely watches to ensure its influencers act responsibly and truthfully.

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