James Wynn, after a $100M loss in risky trades, aims for a $1B comeback, heavily promoting Solana’s Moonpig memecoin to investors.
James Wynn is encouraging cryptocurrency traders to invest in the Solana-based meme coin Moonpig, forecasting a 2,600% surge in its market capitalization. After a week of significant losses, the high-risk perpetuals trader aims for a historic “trade of the century.”
James Wynn Promotes Moonpig, Predicts 2,600% Memecoin Surge
High-risk trader James Wynn is shifting focus to meme coins, actively promoting Moonpig to investors. In a post on X, Wynn called the Solana-based Moonpig “anti-cabal” and “anti-farm,” urging investors to buy and hold the token.
Wynn highlights Moonpig’s unique position, noting its rapid market cap growth without reliance on key opinion leaders. He also points to upcoming listings on major centralized exchanges as a sign of its growth potential.
With more exchange listings expected, Wynn pledges to support the meme coin project, citing his history of self-funding exchanges and substantial token burns while employing a dollar-cost averaging strategy to bolster Moonpig’s price.
“Unlike some shady KOL who’ll just dump and exploit you,” Wynn said, dismissing concerns of a rug pull. “I’ll exit through DCA at reasonable targets, and other investors should do the same.”
Wynn predicts Moonpig will reach a $1 billion market cap, a 2,600% increase from its current price. Following his promotion, Moonpig’s price jumped 10% in the last day, trading at $0.04.
Wynn has prior experience with meme coins, notably backing Pepe from a $600K market cap to $4.92 billion. However, he reportedly sold all his PEPE holdings, transferring them to Binance to fund long positions in Bitcoin.
High-Risk Trader Aims to Recover Losses with $1B Comeback
James Wynn is reeling from a tough week of trading losses on crypto perpetual contracts, totaling $99 million after narrowly escaping liquidations from whale hunters targeting his positions.
Undeterred, Wynn has announced bold plans to recover with a single trade, predicting a $1 billion profit on a monumental “trade of the century” to offset his losses.
“The comeback, when I execute the trade of the century and turn this into a $1bn profit, will be legendary,” Wynn claimed.
However, the crypto community is skeptical of his approach, with some labeling it as gambling. Pseudonymous trader Crypto Beast called it “revenge trading,” warning that chasing losses could lead to even greater setbacks.
Wynn has previously forecasted a comeback while increasing his bets on PEPE and Moonpig, but his endorsement of Moonpig amid recent losses has raised concerns among market observers.
