As a professional translator, I have translated the following news article into English:
James Wynn made approximately $25 million in profits from the skyrocketing of the PEPE token, with an initial investment of only $7,644, according to data analysis of 26 James Wynn-related wallet addresses on the blockchain.
Written by Frank
After experiencing a crisis of trust with ELON, James Wynn’s influence seems to have diminished. In recent days, his promotion of the MONKE coin did not result in a significant increase in value. Instead, it faced selling pressure from retail investors. As of 10:00 am on April 29th, James Wynn’s own holdings were in a loss-making position (although he managed to recover the costs with another account that moved faster).
How to become a Meme coin expert is perhaps the ultimate question for every Meme player. Even if one cannot become an expert player, following the footsteps of successful players and copying their moves seems to be a shortcut. Today, PANews attempts to uncover the secrets of the Meme game by tracking the legendary Meme player James Wynn’s activities on the blockchain, focusing on the PEPE coin.
Among the many legendary hunters of Meme coins, James Wynn (@JamesWynnReal) has recently become a hot topic. First, it was discovered in Lookonchain’s monitoring that he made $12.8 million from PEPE (in fact, PANews discovered more than that), sparking industry discussions. Subsequently, James Wynn took full advantage of this wave of attention and promoted the ELON token. After selling at a high price and casually mentioning that the project had issues, the market plummeted by more than 70%, which drew criticism from fans.
Based on the data analysis of 26 James Wynn-related wallet addresses conducted by PANews, James Wynn made approximately $25 million in profits from the skyrocketing of the PEPE token, with an initial investment of only $7,644. His actions during the promotion of the ELON token also raised suspicions of manipulating prices and dumping on fans.
For ordinary Meme players, when buying a Meme coin, how many addresses would you use? Most people would probably use only 1-2 addresses, as Meme coins are known for their high-risk nature, and it’s difficult to predict whether your bets will be profitable. Therefore, most players do not invest a large amount of funds or prepare many wallet addresses. However, in James Wynn’s transactions involving PEPE, he used up to 26 wallet addresses, while the public was only aware 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. PEPE was 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, and his earliest tweet was a promotion for the PEPE coin.
Within one day of PEPE’s launch, James Wynn quickly made his first purchase with 0.54 ETH through the address 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662. Within 30 minutes, he completed three transactions using three different addresses, buying a total of approximately 42 trillion PEPE tokens for a total cost of 3.5 ETH, accounting for approximately 1% of the total supply.
After establishing his initial positions, James Wynn began aggressively promoting PEPE on Twitter. On April 16 alone, he posted at least 24 promotional tweets. This level of promotion seemed excessive for an ordinary player.
As the popularity of PEPE increased on social media, some Meme communities also took notice of this token. More PEPE enthusiasts emerged, driving the price of PEPE to double or triple almost daily from April 16 to April 19.
On April 17, James Wynn sold his initial investment, and then repurchased a small amount on April 18 using one of his accounts. By May 1, the price had increased 100 times compared to James Wynn’s initial investment. To avoid drawing attention from other players, he transferred his PEPE tokens to multiple new addresses.
Taking the address 0x1996a2Cd7E4f12aF62D637883228Fea805AE0e6d as an example, this address initially purchased 974 billion PEPE tokens. After selling some ETH on April 17, the remaining PEPE tokens were transferred to two other addresses. These two addresses then sold portions of the tokens for ETH, which were subsequently consolidated into the address 0xbC6D62D318Da4fD5146C80d0b73908Ad7793Ea1A. Finally, the funds were transferred to James Wynn’s main wallet address, jwynn.eth, and a portion of the funds were sent to an exchange address.
In James Wynn’s transactions, he seemed to deliberately avoid any direct association between the four initial purchase addresses. These associations were only discovered after analyzing the blockchain data of six to seven layers of wallets.
According to PANews’ calculations, James Wynn subsequently deposited approximately 1,771 ETH, 16,890 USDC, and PEPE tokens worth $3.94 million into various centralized exchanges. As of now, the total value of his assets on the blockchain is approximately $15.38 million. In total, he has made profits of approximately $25.33 million.
If one were to argue that James Wynn’s exaggerated profits were merely due to luck, it would be difficult to believe. Before becoming rich with PEPE, James Wynn was an average 10U warrior, with wallet transactions typically involving only a few dollars. However, when he started trading PEPE, he suddenly became more aggressive. Additionally, most of the wallet addresses he used were created after trading PEPE, except for the three addresses that were active on the Binance Chain. Perhaps he received some inspiration or internal information that led to his successful gamble on the Ethereum blockchain.
A diligent billionaire, selling while promoting
Even after amassing a fortune, James Wynn has not changed his habit of searching for Memes and interacting on Twitter. He updates dozens of posts every day. As his story of getting rich became more widely known, James Wynn’s number of followers increased to 19,000 within a year. He has been hailed as the Meme God in the community because of his achievements with PEPE.
One year after James Wynn’s first purchase of PEPE, on April 24, 2024, at 4:38 pm, James Wynn posted another tweet on Twitter: “I think I have a 1,000x for you guys, who wants it?” Just an hour before he posted this tweet, he had just finished establishing positions in the ELON token, which had just been listed for less than half an hour.
As usual, James Wynn immediately started sharing information about the ELON token and promoted this new Meme coin with various praises, showing the same enthusiasm as he did for PEPE last year. After one year, James Wynn’s influence has grown significantly, and many bloggers who specialize in Meme coins also joined his promotion.
A few hours later, the price of the ELON token increased nearly 100 times compared to James Wynn’s cost. Perhaps to show his sincerity and solidarity with his fans or because he genuinely believed that ELON could become the next PEPE, James Wynn added to his positions after the significant price increase.
However, the price trend did not follow the same pattern as PEPE. On the evening of April 25, ELON only increased slightly from the previous day’s high and then started to decline. Around 35 minutes past midnight on the 27th, the price of ELON suddenly dropped by 70%. James Wynn subsequently announced on Twitter that he had sold all his positions and mentioned that there were issues with the ELON token. It was then that everyone realized that it was James Wynn’s selling that caused the collapse. According to PANews’ findings, James Wynn not only held positions in the well-known address jwynn.eth but also quietly bought ELON earlier using another less frequently used address, 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662, and cleared his positions on the 25th when his tweets promoting ELON were still flooding social media.
According to statistics, James Wynn made profits of approximately $350,000 in this operation, with both accounts ranked in the top ten for profitability (ranking second and eighth, respectively). However, these earnings did not seem to meet James Wynn’s expectations, as he has already started promoting other projects.
Perhaps now we can return to the two questions posed at the beginning. How to become a Meme God? James Wynn’s path to becoming a God seems to have little to do with traditional Meme gameplay techniques and is more like a classic marketing case.
As for the second question, is following such a God a shortcut to success? Those who experienced the collapse of ELON may already have their answer.
Tags:
MEME
PANews
PEPE
Ethereum
Wallet
Source link:
https://www.panewslab.com/zh/articledetails/83zd1x58.html
Disclaimer: The views expressed in this article solely represent the author’s opinion and do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6652439
