After racking up nearly $100 million in trading losses, crypto trader James Wynn is making headlines again—this time for betting big on the Solana-based memecoin Moonpig. He’s calling it the “trade of the century,” and he’s not holding back on predictions.
Moonpig Gets the Wynn Endorsement
Wynn is now aggressively promoting Moonpig, a memecoin he describes as “anti-cabal” and “anti-farm.” In a recent X post, he urged crypto traders to buy and hold, claiming it could rise 2,600% to reach a $1 billion market cap.
What makes Moonpig different, according to Wynn, is its explosive growth without the usual support from crypto influencers or “key opinion leaders” (KOLs). He also pointed out that the coin has secured listings on several centralized exchanges—a sign he sees as bullish.
“No Rug Pulls,” Just Dollar-Cost Averaging
Wynn is known for high-stakes trading, but he insists this move is different.
“Rather than some dodgy KOL who will just dump on you and farm you,” he said, “I’ll just DCA out at respectable targets.”
He’s pledging to continue funding exchanges and burning tokens to support Moonpig’s price. Since his endorsement, Moonpig’s price has already climbed 10%, now trading at $0.04.
From PEPE to Moonpig: A Familiar Strategy
Wynn has a track record in memecoin markets. He famously backed Pepe (PEPE) from a $600K market cap all the way to $4.92 billion. However, he later exited his PEPE position, transferring holdings to Binance to fuel long positions on Bitcoin.
Recovering $99M in Losses: Wynn’s $1B Bet
This comeback push follows a brutal week for Wynn. He lost nearly $99 million from leveraged crypto trades, reportedly due to “whale hunters” targeting his positions.
But Wynn isn’t giving up. He claims his Moonpig investment could generate a $1 billion profit—enough to erase his recent losses and make trading history.
“The comeback when I plug in the trade of the century and reverse this into a $1bn profit will be studied,” he wrote.
Critics Call It Gambling, Not Strategy
Despite the bold claims, many in the crypto space remain skeptical.
Pseudonymous trader Crypto Beast described Wynn’s latest actions as “revenge trading,” warning that chasing losses often leads to deeper drawdowns.
Others question the timing of his Moonpig endorsement, suggesting it could be a distraction from his recent losing streak.
