Author: Frank, PANews
After the trust crisis of ELON, James Wynn's shill effect seems to be ineffective. In recent days, the MONKE coin he waved the flag for did not rise sharply, but was sold by retail investors at the same time as shill. As of 10 am on April 29, James Wynn's own position also turned into a loss state (the other small address recovered the cost because it ran faster).
How to become a Meme coin master? This may be the ultimate question for every Meme player. Even if you cannot become a master-level player, for many players, following the footsteps of those successful people seems to be a shortcut. Today, PANews tried to unlock the secrets of the Meme game by tracking the legendary Meme player James Wynn of PEPE coin on the chain.
Among the many legendary hunters of Meme coins, James Wynn (@JamesWynnReal) has been a hot topic recently. First, Lookonchain found that he made $12.8 million on PEPE (in fact, PANews found more than that), which triggered heated discussions in the industry. Then James Wynn made full use of this wave of traffic and shill for ELON tokens in a high-profile manner. After selling at a high price, he left a sentence "there is a problem with the project", causing the market to plummet by more than 70%, which also attracted criticism from fans.
PANews calculated through on-chain data analysis of 26 James Wynn-related wallet addresses that James Wynn earned about $25 million during the surge in PEPE tokens, with a principal of only $7,644. In the process of shill ELON tokens, James Wynn's operation did indeed have the suspicion of raising prices to cut fans.
26 addresses deployed PEPE, $7,000 turned into $25 million
For ordinary Meme players, when you choose to buy a Meme coin, how many addresses will you choose to buy or sell? Most people may choose 1~2 addresses. After all, Meme coins are a game of small bets and big gains. No one can predict that their bets will definitely make a profit, so there may not be too much money invested or wallet addresses prepared. In the process of James Wynn's PEPE coin transactions, he went through 26 wallet addresses at most, while the public only knew about three addresses before.
James Wynn’s wallet address correlation analysis
According to PANews’ investigation, James Wynn has a “deep connection” with PEPE coin.
PEPE coin was officially launched on April 14, 2023. James Wynn's Twitter account was registered in April 2023. Before April 16, he had not sent any Twitter content. His earliest tweet was a shill for PEPE coin.
Within one day after PEPE went online, James Wynn quickly bought the first transaction through the 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662 address for 0.54 ETH, and then completed three transactions with three addresses within 30 minutes, purchasing a total of about 4.2 trillion PEPEs at a total cost of 3.5 ETH, accounting for about 1% of the total supply.
After completing the initial layout, James Wynn began to quickly shill for PEPE on Twitter. On April 16 alone, James Wynn posted at least 24 promotional content. For an ordinary player, this seems a bit too much.
As PEPE's popularity gradually increased on social media, some meme communities also noticed this token. More PEPE coin fans emerged, pushing the price of PEPE coin up all the way. From April 16 to April 19, PEPE basically maintained a daily growth of about 1 to 2 times.
On April 17, James Wynn sold the principal he had invested, and then bought a small amount again with one of his accounts on April 18. By May 1, the price had risen 100 times compared to James Wynn's cost. Perhaps considering that decentralized addresses are less likely to attract the attention of other players, James Wynn transferred the PEPE coins he held to multiple new addresses.
Taking 0x1996a2Cd7E4f12aF62D637883228Fea805AE0e6d as an example, this address initially purchased 974b PEPE, and after selling part of the ETH on April 17, it transferred all the remaining PEPE to two addresses. After these two addresses sold the ETH in batches, the ETH was aggregated to the address 0xbC6D62D318Da4fD5146C80d0b73908Ad7793Ea1A, and then transferred from these aggregated addresses to James Wynn's main wallet jwynn.eth, and finally transferred part of the funds to the exchange address through the main wallet address.
In James Wynn’s transactions, he seemed to deliberately avoid the connection between the four initial purchase addresses. The connection between these addresses was only discovered after penetrating 6 to 7 layers of wallets.
According to PANews statistics, James Wynn recharged 1,771 ETH, 168,900 USDC, and PEPE coins worth $3.94 million to various centralized exchanges in the following months. The total assets on the chain are currently about $15.38 million. The total profit is about $25.33 million.
It seems hard to believe that James Wynn's exaggerated gains were just due to luck. Before he got rich through PEPE, James Wynn was also a 10U warrior, and his wallet interactions were generally around tens of dollars. But when it came to trading PEPE, he suddenly became aggressive, and except for three wallet addresses that had long been interacting on the Binance chain, the rest were basically established after trading PEPE. Perhaps he got some inspiration or some inside information? James Wynn's first big bet on the Ethereum chain was so successful.
The hard-working billionaire is clearing his positions shill
Even after he had billions of dollars in assets, James Wynn did not change his habit of looking for memes and interacting on Twitter, updating dozens of dynamics every day. As his story of getting rich quickly became known to more people, James Wynn's number of fans increased to 19,000 in just one year, and he was also praised by the community as the PEPE God because of PEPE's deeds.
One year after James Wynn first purchased PEPE, at 4:38 pm on April 24, 2024, James Wynn posted another message on Twitter: "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. At that time, the token had been online for no more than half an hour.
As usual, James Wynn immediately began to release information about the ELON token and used all kinds of praise to promote this new meme coin, with the same enthusiasm as last year's promotion of PEPE. After a year, James Wynn's appeal is also extraordinary, and many bloggers who specialize in meme coins also rushed into the market under his shill.
A few hours later, the price of ELON tokens rose nearly 100 times compared to James Wynn's cost. I don't know whether it was to show his sincerity in being in the same trench with his fans or because he thought ELON could really become the next PEPE, James Wynn chose to increase his position after ELON rose sharply.
But the price trend did not seem to replicate PEPE's unstoppable momentum. On the evening of April 25, ELON only rose a little more than the previous day's high and then began to fall. At around 3:35 a.m. on the 27th, the price of ELON suddenly fell by 70%. James Wynn then announced on Twitter that he had cleared his position and said that there was something wrong with the ELON token. At this time, everyone realized that it was James Wynn's liquidation that caused the crash. According to PANews, James Wynn not only laid out the well-known address jwynn.eth, but also quietly bought ELON earlier with another uncommon address 0x4afed6cd4e65589a43f64dad86650b8ac6fc3662, and this account had been cleared as early as 3 a.m. on the 25th. At that time, James Wynn 'shill were still flying on social media like snowflakes.
According to statistics, during this operation, both accounts of James Wynn were in the top ten of the profit list (ranked 2nd and 8th respectively), with a profit of about 350,000 US dollars. However, this profit did not seem to meet James Wynn's ideal state, and he had already started to shill for several other projects.
Perhaps, we can return to the two questions at the beginning. How to become a meme master? James Wynn's road to becoming a master seems to have little to do with the traditional meme gameplay technology, but more like a classic marketing case.
As for the second question, since it is difficult to become a master, is it a shortcut to follow such a master to buy? Perhaps those users who have experienced the ELON crash have their own answer.
