Sun Yuchen × James Wynn: Envisioning a Decentralized Future and Meme Ecosystem Innovation
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Sun Yuchen × James Wynn: Envisioning a Decentralized Future and Meme Ecosystem Innovation
Community is the soul of Meme projects, not whales.
Navigating Web3 tides with focused insightsOn the evening of June 1 (Beijing time), Huobi HTX Global Advisor and TRON founder Justin Sun engaged in an in-depth dialogue with renowned contract trader James Wynn via a live broadcast on Huobi, discussing the Meme ecosystem and the future of trading platforms.
The discussion not only focused on pain points and opportunities in crypto trading but also revealed core trends driving the next wave of industry transformation: decentralization, community-driven development, and user freedom.
Former professional kickboxer and entrepreneur Andrew Tate, along with the Moonpig Meme project team, also joined the livestream.
Community is the Soul of Meme Projects — Whales Are Not
James Wynn is known for his large contract positions and strong support of the Meme ecosystem. Speaking about the current state of the Meme space, he pointed out that most Meme projects have been “controlled by centralized interest groups” and turned into tools for high-frequency speculation, losing their original cultural essence. "Many Meme coin teams deliberately keep liquidity pools shallow, dump their holdings during periods of high volume, then easily pump prices to create false momentum," said James Wynn. Because of this, genuinely sincere, fully community-driven projects are especially valuable. In his view, PEPE and MOONPIG—recently listed on Huobi HTX—are examples of Meme projects rooted in community spirit, belief, and resonance.
Justin Sun shares similar views on project selection. "What I value most is passion, resonance, and communities backed by narrative and soul—especially truly decentralized, user-led projects. Huobi HTX is committed to building a platform that supports high-quality Meme projects, and we will do our best to help every project listed on HTX grow."
$100 Million Loss: A Battle Against Market Manipulators
Recently, James Wynn’s highly leveraged futures positions have drawn significant market attention. During the livestream, he shared the emotional journey behind his $100 million liquidation, attributing the massive loss to being targeted by major market makers. "They don’t like seeing ordinary people make money—the bigger your position, the more likely you’ll be hunted down," said James Wynn. "When I’m under attack, I don’t surrender—I fight back. When the time is right, I’ll return to the market with 40x leverage and long positions worth hundreds of millions, even billions of dollars."
"In fact, I enjoy the process. Even if I earn $10 billion, I won’t spend it on myself. It’s not wealth itself I’m chasing—it’s the thrill of the game that drives me."
The Future of Exchanges Is Decentralized
As one of the most experienced builders in the crypto industry, Justin Sun discussed the future direction of exchanges with James Wynn. "My goal has always been clear: enable users to trade faster and simpler, lower barriers to entry, and address various pain points inherent in existing platforms. I want to build a more human-centered, fair, and free trading experience," said Justin Sun.
James Wynn, who has personally experienced being targeted by centralized entities, also supports a decentralized path forward. He stated, "For exchanges to improve, they should look to Hyperliquid. Its success lies in challenging financial system censorship and restrictions—removing the rules people oppose, cutting through bureaucracy, allowing free trading. Whether CEX or DEX, liquidity remains a critical issue, and the key to solving all of this is community—truly decentralized users and communities are our core force against centralized control."
Justin Sun admitted he is currently studying Hyperliquid’s mechanisms. "We’re doing everything we can to drive Huobi HTX’s growth. I’m continuously observing the unique features and strengths of other exchanges, hoping to refine HTX’s product experience through learning and innovation, making it more user-friendly and closer to what users truly need."
Policies Are Improving — Crypto Is Gaining Mainstream Acceptance
Drawing from his recent trip to the United States, Justin Sun shared insights on the evolving regulatory landscape, expressing optimism about the industry’s future. "During my meeting with President Trump, we specifically discussed cryptocurrency policy issues, and both of us showed great optimism. The current policy environment is becoming increasingly favorable for the crypto industry, especially for Bitcoin and Ethereum. We will see more companies and investors recognize the potential of this sector."
"In fact, many mainstream public companies are already buying crypto assets—and this trend is accelerating. We have every reason to believe that more large enterprises and traditional institutions will embrace cryptocurrencies in the near future. In this process, the U.S. will become one of the most important global participants."
Conclusion: The Next Phase Needs More Authentic Co-builders
From community culture to institutional signals, from market structure to trading freedom, this livestream painted a multidimensional picture of the ongoing transformation in the crypto industry. Though coming from different backgrounds, Justin Sun and James Wynn share the same vision: to build a freer, fairer, and more authentic crypto ecosystem.
As James Wynn said during the stream: "Building projects isn't even about money for me—it's about self-expression." In an industry often driven by price movements, this kind of conviction carries more weight than any market rally or dip.
As one of the earliest mainstream exchanges to embrace decentralization, Huobi HTX consistently upholds its core principles of “user-first, technology-driven,” striving to create a freer, more transparent, and equitable trading environment. From supporting high-potential community-based Meme projects to advancing DAO governance models, Huobi HTX is leveraging forward-looking strategy and concrete action to lead the industry toward a more open future, delivering long-term value to the global crypto ecosystem.
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