James Wynn Shills Moonpig While Mulling A $1B Comeback In “Trade Of The Century”

James Wynn is urging cryptocurrency traders to invest in Solana memecoin Moonpig, predicting that the market capitalization will rise by 2,600%. After a week of heavy losses, the high-risk perps trader is targeting a “trade of the century” for the history books.

James Wynn Endorses Moonpig, Eyes 2,600% Memecoin Rally

High-risk cryptocurrency trader James Wynn is turning his gaze toward memecoins, shilling Moonpig to investors. In an X post, James Wynn described the Solana-based Moonpig as “anti-cabal” and “anti-farm”, urging investors to buy and hold the memecoin.

Wynn argues that Moonpig stands apart from its peers with the high-risk trader citing its meteoric growth in market capitalization without the backing of key opinion leaders. Furthermore, Wynn notes that a listing on multiple large centralized exchanges indicates potential for future growth.

With more exchange listings on the horizon, James Wynn says he will throw his weight behind the memecoin project. He cites his streak of self-funding exchanges and massive token burns, while using a dollar cost averaging strategy to prop Moonpig prices.

“Rather than some dodgy KOL who will just dump on you and farm you,” said Wynn, downplaying the possibility of a rug pull. “I’ll just DCA out at respectable targets, and that should be the same for every other investor.”

Furthermore, Wynn is predicting Moonpig to clinch a $1 billion market capitalization, a 2,600% leap from current prices. Following his attempt to shill Moonpig, prices have spiked by 10% over the last day to trade at $0.04.

James Wynn has previous experience with memecoins, famously backing Pepe at a $600K market cap to a 4.92 billion capitalization. However, James Wynn appeared to offload all his PEPE holdings, transferring his tokens to Binance to support his Bitcoin longs.

High-Risk Trader Vows To Recoup Losses With $1B Comeback

James Wynn is licking his wounds after a torrid week of trading losses on crypto perpetual contracts. Wynn’s losses reached $99 million after incurring a streak of near liquidations from whale hunters targeting his position.

However, the trader has revealed ambitious plans to make it all back on a single trade. Wynn is predicting a $1 billion profit on a historic ‘trade of the century ‘to recoup his previous losses.

“The comeback when I plug in the trade of the century and reverse this into a $1bn profitm will be studied.”

Despite his predictions, the crypto community is poking holes in his trading strategy, tagging his market activities as akin to gambling. Pseudonymous Crypto Beast described his actions as “revenge trading,” noting that chasing losses will result in a steeper drawdown.

Previously, Wynn has predicted his comeback while increasing the size of his bets on PEPE and Moonpig. However, market participants are raising eyebrows at his attempt to endorse Moonpig amid his streak of heavy losses.