The crypto community has accused trader James Wynn of running systematic schemes involving meme coins. Crypto investigator ZachXBT referred to Wynn as a “Web3 prostitute” and retweeted an investigation linking him to years of fraudulent activity in the meme coin space. The accusations include receiving token allocations before launch, price manipulation, and cashing out at the peak of public interest.
Public Confrontation
ZachXBT responded to Wynn’s claims of a conspiracy, where he suggested that someone was creating tokens in his name to destabilize the market and exploit his reputation. The investigator countered by reminding the community that Wynn has repeatedly engaged in similar operations, profiting off his followers.
“You’ve been running similar meme coin scams on your followers for years,” ZachXBT wrote in a post.
Wynn’s Schemes
According to the investigation by Dylan, in June 2024 Wynn received 2% of the Babypepe token supply — worth around $57,000 — after directly reaching out to the project team. He allegedly promised to boost the project’s market cap to $20 million and give it the exposure it needed.
Forty-five minutes after receiving the tokens, he mentioned Babypepe in a Telegram chat. Two hours later, he started selling off his holdings in $6,000 chunks. The total profit, according to the report, amounted to $68,000.
After offloading his tokens, Wynn reportedly cut communication with the team and posted a meme featuring a crying BabyPepe with the caption: “Some of y’all need a pacifier to shut up.”
When a user in the Telegram group complained about buying the token based on Wynn’s mention, he replied: “I just asked if you liked the token.” To another user asking about the project’s future, he simply said: “Not happening.”
However, in previous conversations with the team, he had promised support and strategic advice, calling it the key to success.
“Your word = your contract,” the report stated.
Dylan emphasized that while no formal agreement existed between the project and Wynn, his promises and subsequent actions point to deliberate deception.
“He’s playing with stolen money,” ZachXBT concluded.
Wynn’s Activity: High-Risk Trades and Meme Coins
Wynn is known as a high-risk trader and active participant in the meme coin scene. According to Onchain Lens, he recently closed a Bitcoin (BTC) short position with a $15.8 million loss and immediately opened a $75 million long. At the same time, he increased his PEPE position tenfold to $20 million.
In the crypto community, his behavior is often described as aggressive and provocative. However, the investigation has damaged his credibility, even among parts of his own audience.
The author of the investigation pledged to continue publishing reports on suspicious actors in Web3 and urged the community to follow future exposés.
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