Odaily Planet Daily News: The meme token moonpig, which has been called out by whale trader James Wynn many times recently, fell by more than 30% today, and its market value fell back to around US$52 million.
In response to the panic in the community, James Wynn responded on X: "The FUD surrounding moonpig is outrageous and crazy. The top holding address was never mine, but a stranger that no one could contact. He decided to take profits and sell, and now some people say that I am dumping the market? I usually don't bother to pay attention to this kind of FUD, but I haven't sold a dime of moonpig. Do I hold the chips myself? Of course! Do I have a book profit? Yes, but it's all floating profit, not a penny cashed out! The team's work is great, this is just an abnormal shock caused by the early whale selling. Do you really think that when I hold a contract position of hundreds of millions of dollars, I will care about selling hundreds of thousands of dollars of tokens? Having said that, this wave of FUD has completed an important position reshuffle. After all, many early buyers have seen exponential growth in profits after the rapid price surge. I am absolutely bullish on the long-term prospects of moonpig."