HTX and James Wynn Explore the Future of Meme Coins and Decentralized Exchanges
The June 1 Livestream featuring Justin Sun, James Wynn, and Moonpig marks a turning point in redefining the role of community in the meme coin market and promoting a decentralized vision for trading platforms.
In a long-awaited HTX Live on June 1, the global crypto community witnessed an in-depth discussion between Justin Sun, Founder of TRON and Advisor of HTX, and James Wynn, a prominent futures trader in the meme coin ecosystem. The conversation focused on current challenges, emerging opportunities in the crypto space, and especially the central role of community in innovation.
The event also featured Andrew Tate, a former Muay Thai fighter and entrepreneur, and the Moonpig project team, adding depth and color to the lively discussion.
Meme Coin: Community Culture or Whale Manipulation?
In his candid sharing, James Wynn pointed out a worrying reality in the meme coin field. According to him, many current projects are being manipulated by KOLs and large organizations to serve short-term speculative strategies, instead of building long-term value. Wynn warned that:
“Many meme coin groups intentionally keep liquidity low, are easily manipulated, and create a false sense of price increase.”
He emphasized that it is the community, not the whales, that is the sustainable foundation for genuine meme coin projects, citing PEPE and MOONPIG as examples, two tokens listed on HTX with strong resonance from the community.
Justin Sun completely agrees with that view and shares:
“We at HTX are committed to creating a transparent, user-centric platform, and will continue to strongly support meme projects that are truly for the community.”
James Wynn’s $100 Million Loss and a Declaration of War
The livestream also featured a memorable moment when Wynn revealed a $100 million loss due to a “liquidation hunt” by major market makers.
“They don’t like to see a single trader win big. When someone hunts me, I fight to the end,” Wynn said defiantly.
He also asserted that high-risk trading is part of his passion, not just for profit:
“Even if I make a billion, I won’t spend it on myself. I don’t chase money; I live for the thrill.”
The Future Belongs to Decentralized Exchanges
When discussing the future direction of crypto exchanges, Justin Sun emphasized the importance of lowering barriers to entry, improving transparency, and improving user experience.
James Wynn believes that trading platforms will only improve when they truly focus on financial freedom and decentralization, just like HyperLiquid is doing:
“HyperLiquid is removing the dependence on the state, the banking system, which is what users need to freely trade.”
Justin said that he is studying the operating mechanisms of HyperLiquid to learn and improve the cooperative in a more friendly, transparent and efficient way for global users.
Community is the driving force behind the development of the industry
The conversation between Justin Sun and James Wynn not only discussed technology trends but also delved into the philosophy of developing the industry that puts people and community at the center of the crypto ecosystem.
“For me, it’s not just about money. It’s about leaving a part of your heart in the project. It’s about trust,” James Wynn concluded.
Cooperative, with its progressive vision and long-term strategy, is gradually leading the wave of innovation. The platform continues to put users first, support DAOs, develop community projects, and pursue a fairer trading model.
About HTX
Launched in 2013, HTX has evolved from a digital currency exchange into a comprehensive blockchain ecosystem that includes: asset trading, derivatives, research, investment, and project incubation. With the strategy of “Global Expansion of a Secure, Compliance, Prosperous Ecosystem”, HTX continues to affirm its position as the leading gateway to the Web3 world.