Crypto News: James Wynn’s Near Wipe Out Amid Scam Warnings, Accusations
The post Crypto News: James Wynn’s Near Wipe Out Amid Scam Warnings, Accusations appeared on BitcoinEthereumNews.com. James Wynn lost nearly all his profits on Hyperliquid as per recent crypto news update from Lookonchain. Source: @lookonchain | X This came close on the heels of James Wynn’s warnings. He alerted people that a crypto tokens were fraudulently launched using his name. On May 28, 2025, Wynn took to his verified X account to send a message to his over 200K followers. Source: @JamesWynnReal | X He further stated that bad actors created and promoted a fraudulent token called “wynning” on the Solana-based PumpSwap exchange. He described the token as a “heavily farmed coin.” Wynn also warned that it is likely to become worthless, urging the public not to buy it. The crypto news update by James Wynn highlighted that the token saw $4.3 million in trading, its market cap being only $495,000. In his view, this disproportion is typical of a farm project intended to lure buyers and raise money by adding false value. He attributed the scam to a group he referred to as “the cabal,” accusing them of using his name to give the token false legitimacy and then executing what he claimed were rug pulls. Wynn also clarified that he supported only two meme coins, $MOONPIG and $PEPE. Crypto News: The “Wynning” Token Denounced James Wynn publicly disassociated himself from the token “wynning,” listing it as a scam coin unrelated to him. He explained in his post that these coins are being launched without his consent, with the intention of misleading investors. At present, the token is available on Pump.fun platform, famous for its rapid token launches. The coin can be bought for $0.0004940. There is around $88,000 locked in liquidity, and its fully diluted value is $495,000. Source: X This development is adding to concerns in the market that many meme coins depend…
The post Crypto News: James Wynn’s Near Wipe Out Amid Scam Warnings, Accusations appeared on BitcoinEthereumNews.com.
James Wynn lost nearly all his profits on Hyperliquid as per recent crypto news update from Lookonchain. Source: @lookonchain | X This came close on the heels of James Wynn’s warnings. He alerted people that a crypto tokens were fraudulently launched using his name. On May 28, 2025, Wynn took to his verified X account to send a message to his over 200K followers. Source: @JamesWynnReal | X He further stated that bad actors created and promoted a fraudulent token called “wynning” on the Solana-based PumpSwap exchange. He described the token as a “heavily farmed coin.” Wynn also warned that it is likely to become worthless, urging the public not to buy it. The crypto news update by James Wynn highlighted that the token saw $4.3 million in trading, its market cap being only $495,000. In his view, this disproportion is typical of a farm project intended to lure buyers and raise money by adding false value. He attributed the scam to a group he referred to as “the cabal,” accusing them of using his name to give the token false legitimacy and then executing what he claimed were rug pulls. Wynn also clarified that he supported only two meme coins, $MOONPIG and $PEPE. Crypto News: The “Wynning” Token Denounced James Wynn publicly disassociated himself from the token “wynning,” listing it as a scam coin unrelated to him. He explained in his post that these coins are being launched without his consent, with the intention of misleading investors. At present, the token is available on Pump.fun platform, famous for its rapid token launches. The coin can be bought for $0.0004940. There is around $88,000 locked in liquidity, and its fully diluted value is $495,000. Source: X This development is adding to concerns in the market that many meme coins depend…
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