Moonpig fell more than 28% in 24 hours, James Wynn said he was not the developer or the whale who crashed the market

PANews reported on May 26 that whale James Wynn posted on X platform, stating that the FUD surrounding moonpig has reached a crazy level. The wallet claimed to be his is actually owned by an uncontactable random person who decided to cash out, which was mistaken as his action. He emphasized that he has never sold a single penny of moonpig, and instead has personally invested in buybacks and LP destruction in moonpigreserves. Although he holds a position and has paper profits, these are unrealized gains. He denied being the developer, stating he only strongly supports the project because he believes in it, and emphasized that the community is the driving force behind the project's progress, not just him. Additionally, he stated that he will not use his newly accumulated followers to promote meme coins. Market data shows that the moonpig token dropped 28.3% in 24 hours.