Singapore, Singapore, June 3rd, 2025, Chainwire
In a highly anticipated HTX Live session on June 1, Justin Sun, Advisor to HTX and Founder of TRON, engaged in an insightful dialogue with prominent futures trader James Wynn. Their discussion delved into the evolving landscape of the meme ecosystem and the trajectory of trading platforms. The conversation explored critical challenges and emerging opportunities within crypto trading and underscored the foundational pillars of the upcoming industry revolution: decentralization, community-driven governance, and user autonomy. This livestream also featured former professional Muay Thai fighter and businessman Andrew Tate, alongside the Moonpig meme project team.
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.”
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, users can visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
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