Community, Not Whales, Is Key to Meme Projects
The distinguished futures trader James Wynn, known for his significant contract positions and dedication to the meme ecosystem, offered a compelling critique of the current meme landscape. Wynn asserted that the majority of meme projects have been “manipulated by major KOLs and cabals.,” becoming tools for high-frequency speculation and losing their original cultural essence. “Many meme coin teams deliberately keep liquidity pools shallow, offloading at high trading volumes, then easily pumping the price to create a misleading perception,” Wynn noted. This stark reality underscores the exceptional value of authentic, community-driven projects. He cited PEPE and the recently launched MOONPIG on HTX as examples of meme projects with strong community spirit and resonance.
Justin Sun agreed with Wynn’s views on choosing projects. He stated, “My focus is on the passion, the resonance, and the soul of the community behind a narrative. HTX is dedicated to build a fully transparent, decentralized and user-centric platform that champions high-quality meme projects, and we will do our best to empower the projects listed on our exchange.”
Wynn Talks About $100 Million Loss and His Confrontation with Manipulators
Wynn’s high-leverage futures positions have recently drawn widespread market attention. During the live stream, he openly discussed a $100 million liquidation event, attributing the substantial loss to a “hunt” orchestrated by large market makers. “They don’t like to see a fish making big money,” Wynn said. “When somebody’s hunting me, I’m gonna, fight no matter what, and then eventually they have me pinned down to the ground. When the time is right, I’ll be back I’ll hit them hard with a multi-billion dollar 40x average long”
Wynn also mentioned, “Honestly, I enjoyed the ride. Even if I’d pulled off a billion, I wouldn’t have spent it on myself. I’m not chasing money; I just enjoyed the thrill.”
The Future of Exchanges is Decentralization
Justin Sun, a veteran builder in the crypto industry, joined James Wynn to discuss the future trajectory of crypto exchanges. Justin explained, “My goal has always been clear: streamline user transactions, reduce entry barriers, and solve the persistent issues in current trading platforms. Our vision is to create a platform that’s more intuitive, equitable, and open.”
Wynn, who has personally experienced “hunting” by centralized institutions, also advocated for a decentralized development path. He emphasized, “Exchanges are not going to get better unless they try and do something like HyperLiquid, because what it’s doing is taking away the state, the banking system, everything that people are against. People want to be able to trade freely.”
Sun admitted he’s currently studying how Hyperliquid works. “We are wholly dedicated to driving HTX’s growth. I’m carefully evaluating the unique features and competitive strengths of other exchanges. Through observation and learning, I aim to continuously enhance HTX’s product experience, making it more user-friendly and accessible to our users.”
Favorable Policy Environment Signals Mainstream Crypto Adoption
Following a visit to the United States, Justin shared an optimistic outlook on the evolving regulatory landscape for the crypto industry during the live stream. He noted, “During my meeting with President Trump, we discussed cryptocurrency-related policies, and both expressed a very optimistic attitude. The current policy environment is becoming increasingly friendly towards the crypto industry, particularly for Bitcoin and Ethereum. We will see more and more companies and investors recognize this industry in the future.”
Justin also remarked on the rising wave of institutional adoption, “In fact, many mainstream listed companies are already purchasing crypto assets and this trend is gaining momentum. We are confident that more large enterprises and institutions will embrace cryptocurrencies in the near future. In this process, the United States will become one of the most pivotal participants globally.”
Real Co-Builders Are the Core of Crypto’s Next Evolution
The live discussion between Justin Sun and James Wynn highlighted the multifaceted transformation currently underway in the crypto industry, spanning community culture, regulatory signals, market structures, and trading freedom. Despite their diverse backgrounds, they share a unified objective: to build a crypto ecosystem defined by greater openness, equity, and authenticity.
As James Wynn put it during the stream, “For me, it’s not even about the money. It’s about putting a piece of myself in the project. It’s about conviction.” That kind of belief holds more power for the industry than the fluctuations of the market.
HTX, one of the first mainstream trading platforms to truly embrace decentralized development, remains steadfast in its core philosophy: “user first, technology driven.” The exchange strives to foster a trading environment that is freer, fairer, and more transparent. By actively supporting premium community-driven meme projects and advancing DAO governance frameworks, HTX is leading the industry toward a more open future. Through its forward-thinking strategic vision and practical actions, the platform is injecting long-term value into the global crypto ecosystem.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/?invite_code=9cqt3, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
The post first appeared on HTX Square.
