Author: Frank, PANews

After experiencing ELON's trust crisis, James Wynn's call effect seems to have lost its power. In the past few days, the MONKE coin he vigorously promoted did not skyrocket as expected. Instead, it encountered retail selling while he was promoting it. As of 10 a.m. on April 29th, James Wynn's own position had turned into a loss (another small account managed to break even due to faster selling).

How to become a Meme coin guru may be the ultimate question for every Meme player. Even if one cannot become a guru-level player, for many players, following in the footsteps of those successful players, "copying trades," seems to be a shortcut. Today, PANews attempts to unravel the secrets of the Meme game by tracking the legendary Meme player James Wynn on the chain through his activities with the PEPE coin.

Among the many legendary hunters of Meme coins, James Wynn (@JamesWynnReal) has recently been a hot topic. First, it was discovered in Lookonchain's monitoring that he made $12.8 million on PEPE (in fact, PANews found that it was more than that), sparking industry discussions. Subsequently, James Wynn took full advantage of this wave of attention and loudly promoted the ELON token. After selling at a high point and leaving with a comment "there are problems with the project," causing the market to plummet by more than 70%, this move also drew criticism from fans.

After analyzing the on-chain data of 26 James Wynn-related wallet addresses, PANews calculated that James Wynn made about $25 million in the surge of the PEPE token, with an initial investment of only $7,644. In the process of promoting the ELON token, James Wynn's actions indeed raised suspicions of artificially inflating and then selling to fans.

26 Addresses Laid Out for PEPE, Turning $7,000 into $25 Million

For ordinary Meme players, when you choose to buy a Meme coin, how many addresses do you use for buying or selling? Most people may think that 1-2 addresses are enough, after all, Meme coins are all about taking a small risk for a big reward, and no one can predict that their bet will definitely be profitable. Therefore, both in terms of capital investment and wallet address preparation, perhaps not too many are needed. However, in the process of trading the PEPE coin, James Wynn used up to 26 wallet addresses, while the public had only known about three addresses.

James Wynn's wallet address association analysis

According to PANews' investigation, James Wynn has a deep connection with the PEPE coin.

The PEPE coin was officially launched on April 14, 2023. James Wynn's Twitter account was registered in April 2023, and before April 16, there were no tweets sent. His earliest tweet was about promoting the PEPE coin.

Within one day of the PEPE launch, James Wynn quickly made the first transaction by spending 0.54 ETH through the address 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662. Then, within 30 minutes, he completed three transactions using three different addresses, purchasing a total of about 42 trillion PEPE coins, spending a total of 3.5 ETH, accounting for about 1% of the total supply.

After completing the initial layout, James Wynn quickly promoted PEPE on Twitter. On April 16 alone, James Wynn posted at least 24 promotional tweets. For an ordinary player, this seemed somewhat excessive.

As the popularity of PEPE gradually increased on social media, some Meme communities also noticed this token. More PEPE coin fans emerged, boosting the price of PEPE, which maintained about 1-2 times growth from April 16 to April 19.

On April 17, James Wynn sold the initial investment, and then made a small purchase again on April 18 using one of the accounts. By May 1, the price had risen 100 times compared to James Wynn's cost, perhaps considering that spreading the addresses would attract less attention from other players. James Wynn transferred the PEPE coins he held to multiple new addresses.

Taking the address 0x1996a2Cd7E4f12aF62D637883228Fea805AE0e6d as an example, this address initially purchased 974 billion PEPE coins. After selling some ETH on April 17, the remaining PEPE coins were all transferred to two addresses. Then, after selling ETH in batches from these two addresses, the ETH was aggregated to the address 0xbC6D62D318Da4fD5146C80d0b73908Ad7793Ea1A. From these aggregated addresses, the funds were transferred to James Wynn's main wallet address jwynn.eth, and finally, some funds were transferred to exchange addresses through the main wallet address.

In James Wynn's transactions, he seemed to deliberately avoid the association between the four initial purchase addresses. The association between these addresses was only discovered after penetrating 6-7 layers of wallets.

According to PANews' statistics, James Wynn successively deposited 1,771 ETH, 168,900 USDC, and PEPE coins worth $3.94 million to various centralized exchanges over the next few months. Currently, the total on-chain assets amount to about $15.38 million, with a total profit of about $25.33 million.

If James Wynn's exaggerated profits seem hard to believe based solely on luck, before getting rich through PEPE, James Wynn was also a 10U warrior, with his wallet interactions generally involving amounts in the tens of dollars. However, when trading PEPE, he suddenly became aggressive, and these wallet addresses were mostly established after trading PEPE, except for three long-term interactions on the Binance Smart Chain. Perhaps he received some inspiration or internal information that allowed James Wynn's first gamble on the Ethereum chain to be so successful.

Diligent Billionaire, Clearing Positions While Promoting

Even after owning millions in assets, James Wynn has not changed his habit of seeking out Meme coins and interacting on Twitter. He updates dozens of posts every day. As the story of his sudden wealth becomes more widely known, James Wynn's fan base has also grown to 19,000 within a year, and he has been hailed by the community as the PEPE guru.

One year after James Wynn's first purchase of PEPE, on April 24, 2024, at 4:38 p.m., James Wynn posted a 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, which had just been launched for less than half an hour at that time.

As usual, James Wynn immediately began to publicize the information about the ELON token and enthusiastically promoted this new Meme coin with all kinds of praise, with the same enthusiasm as last year's praise for PEPE. A year later, James Wynn's appeal was also extraordinary, and many bloggers specializing in Meme coins also joined in his promotion.

A few hours later, the price of the ELON token rose nearly 100 times higher than James Wynn's cost. Whether it was to show his sincerity and solidarity with his fans or because he truly believed that ELON could be the next PEPE, James Wynn chose to increase his position after the significant rise in ELON's price.

However, the price trend did not seem to replicate the unstoppable rise of PEPE. On the evening of April 25, ELON only rose slightly from the previous day's high before starting to fall. Around 35 minutes past midnight on the 27th, the price of ELON suddenly dropped by 70%. James Wynn then announced on Twitter that he had liquidated his position and stated that there were some issues with the ELON token. It was only then that everyone realized it was James Wynn's liquidation that caused the crash. According to PANews' findings, James Wynn not only laid out the well-known address jwynn.eth, but also quietly bought ELON with another less frequently used address, 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662, and this account had already liquidated its position at 3 a.m. on the 25th, when James Wynn's promotional tweets were still flying around social media like snowflakes.

According to statistics, James Wynn's two accounts were both in the top ten of the profit list (ranking 2nd and 8th respectively), with a profit of about $350,000 in this operation. However, this profit did not seem to meet James Wynn's ideal state, as he had already started promoting several other projects.

Perhaps, at this point, we can return to the two questions from the beginning. How to become a Meme guru? James Wynn's path to becoming a guru seems to have little to do with the traditional technical aspects of Meme gameplay, and more like a classic marketing case.

As for the second question, since becoming a guru is difficult, is following such a guru's purchases a shortcut? Perhaps those users who experienced the crash of ELON already have their own answers.

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