Anonymous crypto whale James Wynn, who attracted attention in the cryptocurrency market with his large transactions over the course of many weeks, has suddenly permanently closed his account on social media platform X (formerly Twitter).
While the account under Wynn's username “@JamesWynnReal” is no longer accessible, the profile's last bio update before it was shut down included only one word: “broke.” According to blockchain data, only $6,580 remains in wallets identified as belonging to Wynn.
However, in recent weeks, the total balance of these wallets had reached as much as $100 million.
Cryptocurrency analyst Joao Wedson made the following statement regarding Wynn's disappearance: Hyperliquid scam alert.
This was likely a fake account, intended to mislead the public with false transactions.
I've seen this repeatedly over the past 10 years.
Be wary of accounts hiding behind aliases, anime avatars, or impersonating a famous whale.
The crypto world is full of scammers, so be skeptical of everything you see.
Related News: Controversial Cryptocurrency Figure Arthur Hayes Bought a Large Amount of This Altcoin During the Rally This sudden crash, which occurred after Wynn introduced himself as a “professional investor” on social media and made headlines with his large trades, has become a source of controversy among investors.
Some users in the X community argue that Wynn was never a true whale and was attempting to manipulate the market with fake trades.
Allegedly, for every trade Wynn opened on the decentralized cryptocurrency exchange Hyperliquid, he would also open the opposite trade on a centralized cryptocurrency exchange, minimizing his losses.
The whale's aim is believed to be market manipulation and airdrop farming through Hyperliquid. *This is not investment advice.
Continue Reading: The End of an Era: The Giant Bitcoin Whale that’s been in the Spotlight for Weeks Suddenly Disappeared – Here are the Theories.
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