Liquidity was reportedly removed shortly after launch, but the incident allegedly only generated around 3.2 SOL in profits. Wynn later claimed that his X account had been hacked, but many crypto users questioned the explanation. James Wynn Faces Backlash Yet Again Crypto trader and influencer James Wynn is once again facing controversy after on-chain analytics platform Lookonchain alleged that a token launched from wallets connected to him ended in a suspected rug pull. According to blockchain activity, a token called WORLD was launched on May 28 before liquidity was quickly removed from the trading pool shortly after activity began. Despite getting a lot of attention from the crypto community, the alleged exploit reportedly generated only around 3.2 SOL in profits. Shortly after traders began circulating wallet activity and screenshots tied to the launch, Wynn claimed that his X account was hacked. In a post that was published just minutes after the controversy intensified, he stated that the token promotion activity was not carried out by him. However, skepticism quickly spread throughout crypto social media, with many users openly questioning the explanation. Several people pointed to wallet links and previous posts that appeared to connect Wynn to the token launch activity, while others mocked the fact that the alleged payout was so small compared to the much larger scams that are sometimes seen in the meme coin sector. The controversy also revived discussions around Wynn’s long history of high-risk trading and meme coin promotions. Back in October of 2025, he faced backlash after heavily promoting a BNB Chain meme coin called YEPE. The token surged by more than 400% shortly after promotion, but blockchain analytics platform Bubblemaps later reported that insiders controlled roughly 60% of the token’s supply. According to the analytics firm, insider wallets eventually sold large portions of their holdings, and generated an estimated $1.4 million in profits while still maintaining control over more than half of the supply. Wynn publicly encouraged followers to watch the token, and claimed at the time that “the market has spoken.” Long before the latest controversy, Wynn already established himself as a very controversial personality in the crypto trading space due to his aggressive leveraged trading strategies on HyperLiquid. During the first half of 2025, he regularly shared screenshots of massive Bitcoin and meme coin positions that reportedly used leverage as high as 40x. However, market conditions eventually turned against him as several highly leveraged Bitcoin positions were liquidated after sharp price declines. Reports later suggested that hundreds of BTC tied to his trading activity were wiped out. By July 2025, Wynn reportedly deactivated his X account after his wallet balances fell to just over $10,000. Before disappearing from the platform, he updated his profile bio to simply read “broke” and admitted that his trading behavior resembled gambling more than disciplined investing. Now, the latest WORLD token allegations have once again placed Wynn at the center of controversy.
