The post Donations Fall Short as James Wynn Faces Rug Risk Accusations appeared on BitcoinEthereumNews.com.

Crypto watchdog MASTR accused Wynn of soliciting donations and a possible $90K rug-pull. James Wynn got $8.9K from 245 wallets, as MASTR calls them, the “dumbest wallets”. Wynn’s $100M gains reversed as liquidations cut his account to approximately $900.  James Wynn’s latest memecoin launch drew weak demand after online watchdogs accused the trader of using donations to fund another risky move. Crypto watchdog MASTR posted an update saying Wynn’s self-assigned $ASSDAQ allocation was worth around $90,000. They pointed out that the trader could sell the tokens in the market, potentially rug-pulling the investors.  Additionally, MASTR said around 245 wallets directly sent funds to Wynn after he asked for donations for his token launch. According to the post, total contributions reached roughly $8,900 at the time of publication. MASTR called the senders “the dumbest wallets” and said the list was enough to show how reckless parts of the market remain.  Donation Pulls In $10K According to James Wynn, the donations broke $10,000. For a trader once known for nine-figure positions, the response was weak. The low total suggests many traders were unwilling to back Wynn despite his name recognition and large online following. After the losses, Wynn promoted $ASSDAQ while also posting that he remained one of the top ten traders in the world. He defended his macro calls and said he had outperformed the market. However, traders did not appear convinced. From $100 Million to $900 Wynn became known in crypto circles after aggressive leveraged trades reportedly turned into more than $100 million in profits. At one stage, he held a $1 billion Bitcoin long position. That trade made him one of the most-watched high-risk traders in the market. But the same leverage strategy later reversed hard. According to Arkham, Wynn’s Hyperliquid account fell from $100M to around $900 after…

---

Filed under: News - @ April 18, 2026 11:17 am