Blockchain investigator ZachXBT has accused popular Hyperliquid trader James Wynn of acting dishonestly. Wynn recently warned people about scam tokens linked to his name, but ZachXBT claims that Wynn has done similar things. This has caused a lot of debate in the crypto community. Popular Crypto Trader Accused of Token Dumping James Wynn told his followers not to buy a token that used his name. He said the people behind the token were using his name to trick investors. He called the token a scam and said it would lose all its value. However, blockchain investigator ZachXBT responded with sharp criticism. The blockchain sleuth shared information suggesting Wynn had previously promoted similar tokens. He alleged that Wynn had a history of talking about small tokens, selling them at a high price, and then leaving the project. This is often called a pump-and-dump scheme. ‘ Notably, former President Donald Trump faced similar accusations in January. In 2024, a crypto user said Wynn asked for a private share in a BabyPepe token. The user said Wynn promised to help promote the token, but sold it quickly to make a profit and disappeared. Wynn has also been linked to other small tokens, like ELON and WYNN, which many people say are linked to him. Many saw these tokens as risky or dishonest. James Wynn’s Big Risk Trades on Hyperliquid Get Attention James Wynn is known to take big risks when he trades. He uses a decentralized platform called Hyperliquid, where people trade with high leverage. One of his best-known trades was using 40x leverage on Bitcoin just before the price increased. This move caught the attention of the crypto community. Reports show that in the past three months, he made 39 trades, 17 of which were successful. He also made over $25 million in profit, and his trades helped Hyperliquid earn more than $2 million in fees. Wynn often talks about the need for honesty and decentralization in crypto. He once said he rejected a big offer from a centralized exchange because he did not trust them. He supports Hyperliquid as a better and more open option. Wynn Allegedly Linked to Alameda Research Adding to the controversy, Wynn has also been linked to Alameda Research, the now-defunct trading firm associated with the FTX collapse. An FTX creditor activist said Wynn’s wallet received a large amount of Ethereum (ETH) from Alameda in 2020. This funding helped him launch his current trading activities. In addition, Wynn may have used insider knowledge or past connections to gain an edge in the market. This theory is based on the size and success of his trades, similar to the aggressive strategies once used by Alameda. This case has raised more questions about how Wynn built his crypto success. The post Hyperliquid Top Trader James Wynn Slammed By ZachXBT, Here’s Why appeared first on TheCoinrise.com .
