James

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 <p class="paragraph">In the vast and still experimental cryptocurrency market, <a rel="noopener noreferrer nofollow" title="influencer" href="https://thebittimes.com/tag/influencer.html">influencer</a>s and enthusiasts often share insights into their favorite cryptocurrencies. Usually, they will hold these assets as personal investments—a normal behavior expected from someone enthusiastic about an asset.</p>
 <p class="paragraph">However, influencers can use their influence to lure exit liquidity for tokens they hold but do not plan to keep in the long term. This is what recent on-chain and social activities suggest could have happened to a known meme coin trader.</p>
 <p class="paragraph">Notably, <em>Lookonchain</em> spotted a possible divergence between words and on-chain activity from James Wynn (@JamesWynnReal) on X on May 25.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-influencer-james-wynn-s-pepe-dilemma">Influencer James Wynn’s PEPE dilemma</h2>
 <p class="paragraph">As the on-chain analyst reported, Wynn recently deposited $7.54 million worth of 491 billion PEPE to a Binance account. <em>Etherscan</em> data shows the deposit occurred at 07:31 a.m. +UTC under the transaction ID ‘0xb46…3afd5c.’</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="225" src="https://cdn.thebittimes.com/images/2024/05/25/47233425e72807e4c22e8607eb8628b0.webp" alt="" class="wp-image-178356" srcset="https://cdn.thebittimes.com/images/2024/05/25/47233425e72807e4c22e8607eb8628b0.webp 1024w, https://cdn.thebittimes.com/images/2024/05/25/47233425e72807e4c22e8607eb8628b0.webp 300w, https://cdn.thebittimes.com/images/2024/05/25/47233425e72807e4c22e8607eb8628b0.webp 768w, https://cdn.thebittimes.com/images/2024/05/25/47233425e72807e4c22e8607eb8628b0.webp 1536w, https://cdn.thebittimes.com/images/2024/05/25/47233425e72807e4c22e8607eb8628b0.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   0xb46b036c6ed411d86bdab8fc0990af9a681b5e1d2635efd8f539fd6c573afd5c. Source: <em>Etherscan</em>
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 <p class="paragraph">Interestingly, the <a rel="noopener noreferrer nofollow" title="influencer" href="https://thebittimes.com/tag/influencer.html">influencer</a> then posted that “PEPE is still severely <a rel="noopener noreferrer nofollow" title="undervalued" href="https://thebittimes.com/tag/undervalued.html">undervalued</a>” one hour after the deposit. According to screenshots taken and shared by Lookonchain, James Wynn continued with two other bullish-biased posts related to PEPE.</p>
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    <p lang="en" dir="ltr">jwynn.eth(@JamesWynnReal) deposited 491B $PEPE($7.54M) into #Binance before saying that $PEPE is still severely undervalued.<br><br>He previously spent $8,524 to buy 2.83T $PEPE($44.4M currently) and made huge profits on $PEPE.<br><br>He has 476.8B $PEPE($7.48M) left currently. pic.twitter.com/9flTGYpNxw</p>— Lookonchain (@lookonchain) May 25, 2024
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 <p class="paragraph">These posts are currently inaccessible because the trader locked his account on X.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="926" height="808" src="https://cdn.thebittimes.com/images/2024/05/25/d34b0ef1af92eebd94bd6caf5a9a83ff.webp" alt="" class="wp-image-178357" srcset="https://cdn.thebittimes.com/images/2024/05/25/d34b0ef1af92eebd94bd6caf5a9a83ff.webp 926w, https://cdn.thebittimes.com/images/2024/05/25/d34b0ef1af92eebd94bd6caf5a9a83ff.webp 300w, https://cdn.thebittimes.com/images/2024/05/25/d34b0ef1af92eebd94bd6caf5a9a83ff.webp 768w" sizes="(max-width: 926px) 100vw, 926px">
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   James Wynn’s “these posts are protected” warning. Source: X / Finbold
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 <p class="paragraph">Depositing from a self-custody wallet to crypto exchanges usually means an intention to sell and is a commonly used indicator.</p>
 <p class="paragraph">Previously, Wynn spent $8,524 to buy 2.83 trillion PEPE, which equals $44.4 million at current prices. The influencer has been partially selling this amount over time. Now, his most recent activity dumped nearly half of the remaining reserves held at <em>jwynn.eth</em>.</p>
 <p class="paragraph">As of this writing, the account still holds 476.8 billion PEPE, worth approximately $7.48 million.</p>
 <h2 class="wp-block-heading" id="strong-pepe-meme-coins-and-the-greater-fool-theory-strong"><strong>PEPE, meme coins, and the Greater Fool Theory</strong></h2>
 <p class="paragraph">Meme coins, such as PEPE, often lack fundamental value and are driven by hype and social media buzz. Traders who buy these coins are essentially gambling in the hope that someone else will buy them at a higher price.</p>
 <p class="paragraph">This mentality aligns with the “Greater Fool Theory,” which <a rel="noopener noreferrer nofollow" title="suggests" href="https://thebittimes.com/tag/suggests.html">suggests</a> that profits can be made by buying overvalued assets and selling them to a “greater fool.”&nbsp;</p>
 <p class="paragraph">Moreover, this theory highlights the inherent risk of such investments, as the market eventually runs out of willing buyers. When the hype dies down and demand dwindles, traders can be left holding worthless cryptocurrencies, leading to substantial financial losses.</p>
 <p class="paragraph">In closing, this recent <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> demonstrates the importance of not blindly following crypto <a rel="noopener noreferrer nofollow" title="influencer" href="https://thebittimes.com/tag/influencer.html">influencer</a>s to make investment decisions.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/severely-undervalued-says-influencer-on-pepe-but-activity-suggests-otherwise-tbt89776.html">https://thebittimes.com/severely-undervalued-says-influencer-on-pepe-but-activity-suggests-otherwise-tbt89776.html</a></p>

‘Severely undervalued,’ says influencer on PEPE, but activity suggests otherwise

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