The post James Wynn Denies Selling Moonpig Amidst FUD Rumors – Coincu appeared on BitcoinEthereumNews.com.

Key Points: James Wynn addresses FUD accusations, clarifies non-involvement in Moonpig token sales. Emphasizes unrealized gains from billion-dollar Moonpig investments. Clarifies the selling whale’s identity, countering market panic. James Wynn addressed speculation around Moonpig FUD via X, denying involvement in recent token sales. His statement seeks to clarify ownership issues, counter market rumors, and highlight significant unrealized gains from his positions. Whale Activities and Market Instabilities Dissected James Wynn took to X, refuting claims of selling Moonpig tokens. He clarified that the wallets involved in the sales did not belong to him but to an uncontactable individual making profits. “The FUD surrounding moonpig is ridiculous; the top holding address is not mine but belonged to a stranger who decided to take profits.” Wynn stated that his holdings are unrealized gains that involve significant investments in Moonpig, outlining that early purchasing whales are responsible for market instabilities. Market participants have voiced concerns about the abnormal trading patterns. Wynn emphasized his long position’s worth over “X.XX billion dollars” and suggested FUD artificially inflated market reactions. Moonpig Price Fluctuations and Regulatory Outlook Did you know? In the past, similar cases of FUD have led to significant market fluctuations but often stabilize once the underlying facts become more transparent. Such instances demonstrate the crypto market’s sensitivity to misinformation. According to CoinMarketCap, Moonpig is valued at $0.05 with a market cap of approximately $51.49 million. Recent 24-hour volume reached $33.02 million, a drop of 28.43%. Over the last 30 days, Moonpig’s price surged by 1,035.43%. moonpig(MOONPIG), daily chart, screenshot on CoinMarketCap at 01:22 UTC on May 26, 2025. Source: CoinMarketCap The Coincu research team suggested that financial volatility might linger if whale activities persist. They highlighted potential regulatory impacts if market manipulation claims strengthen. Technological improvements in blockchain analytics might aid in identifying trading anomalies.…

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Filed under: News - @ May 26, 2025 1:26 am