A serious on-chain transaction by the well-known crypto whale James Wynn has drawn renewed scrutiny to the ZEUS meme coin, as distinguished blockchain investigator ZachXBT has issued a public warning in regards to the mission’s founders.
The controversy ignited after on-chain information confirmed Wynn spent 39 ETH (roughly $104,000) to buy 2.446 trillion ZEUS tokens. The warning highlights the creators’ previous hyperlinks to an organization that overtly promoted market manipulation methods.
ZEUS Whale Purchase Sparks Recent Warnings of Market Manipulation
In line with monitoring by Onchain Lens, James Wynn made a sizeable buy of ZEUS meme tokens on June 16. On-chain information factors out that such whale exercise can enchantment to retail merchants, doubtlessly main them to observe these massive strikes, generally growing volatility within the course of.
3 hours in the past, James Wynn (@JamesWynnReal) spent 39 $ETH value $104K to purchase 2.446T $ZEUS (@zeuscoineth_).
Word: We’re not endorsing anybody to purchase this token; it is NFA.
Knowledge through @nansen_ai pic.twitter.com/rGSrhy2QDe
— Onchain Lens (@OnchainLens) June 16, 2025
Whereas massive whale buys can typically appeal to retail curiosity, this buy has been met with warning. Investigator ZachXBT rapidly warned his followers that the creators behind the ZEUS meme mission beforehand operated a market-making firm named Darkpool.
In line with ZachXBT’s findings, Darkpool’s public supplies actively promoted market manipulation techniques, together with chart manipulation and spoofing. The investigator suggested warning, noting {that a} mission with historic ties to such practices stays a priority for buyers. Wynn’s high-profile buy has now amplified this scrutiny.
James Wynn’s “Loser Persona” Masks Worthwhile Buying and selling Technique
Along with the direct token buy, extra on-chain information has proven some additional details about Wynn’s buying and selling patterns. Investigators found hyperlinks between his public pockets and one other, much less traceable pockets.
These accounts understand trades in opposition to one another and will reverse in a internet hedging transaction. On-chain evaluation reveals how, regardless of the market notion of his loss and volatility, his personal accounts seem to revenue by means of calculated positioning.
This evaluation means that regardless of a public “loser persona” constructed on high-profile liquidations, his personal accounts could also be profiting by means of a extra calculated and sophisticated positioning. Researchers have described this persona, which has attracted over 370,000 social media followers, as an efficient advertising and marketing tactic. Critics level to his buying and selling historical past and the $44,000 he has reportedly made in referral commissions as proof of a well-planned public relations and buying and selling technique.
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