The community is the soul of Meme projects, not the whales.
On the evening of June 1, Beijing time, Huobi HTX global advisor and TRON founder Justin Sun engaged in a deep dialogue about the future of the Meme ecosystem and trading platforms with renowned contract trader James Wynn through a Huobi live stream.
The discussion not only focused on the pain points and opportunities in crypto trading but also revealed the core trends of the next round of industry transformation: decentralization, community-driven initiatives, and user freedom.
Former professional Muay Thai fighter and businessman Andrew Tate, along with the Meme project Moonpig team, also participated in the live stream.
The community is the soul of Meme projects, not the whales
James Wynn is known for his massive contract positions and his investment and support for the Meme ecosystem. Regarding the current Meme ecosystem, he pointed out that the vast majority of Meme projects have been "manipulated by centralized interest groups," becoming tools for high-frequency speculation and losing their original cultural core. "Many Meme coin teams deliberately keep liquidity pools shallow and sell off during high trading volumes, then easily pump the price to create an illusion," James Wynn said. Therefore, those projects that are genuinely sincere and completely community-driven are even more valuable. In his view, PEPE and the recently launched MOONPIG on Huobi HTX belong to Meme projects that embody community spirit and faith, capable of resonating with users.
In terms of project selection, Justin Sun and James Wynn share similar views. "I value passion, resonance, and communities that have narratives and souls behind them, especially those that are truly decentralized and user-led projects. Huobi HTX is committed to building a platform that supports high-quality Meme projects, and we will do our utmost to help the projects listed on Huobi HTX grow."
$100 million loss: Confronting the manipulators
Recently, James Wynn's high-leverage contract positions have been the focus of the market. During the live stream, he shared his experience of being liquidated for $100 million, stating that the massive loss was due to being "hunted" by large market makers. "They don't like to see ordinary people making money; the larger your position, the more you will be targeted," James Wynn said. "When I am besieged, I do not give up; instead, I fight back. When the time is right, I will return to the market with 40x leverage and several hundred million in long positions."
"In fact, I enjoy this process. Even if I make $1 billion, I won't spend it on myself. What I pursue is not wealth itself, but the thrill of this game."
The future of exchanges is decentralized
As one of the most seasoned builders in the crypto industry, Justin Sun and James Wynn discussed the development direction of exchanges. "My goal has always been clear: to enable users to complete transactions more quickly and easily, lower the barriers to use, and improve the various pain points existing in current trading platforms. I hope to build a more humane, fair, and free trading experience," Justin Sun said.
On this topic, James Wynn, who has been "hunted" by centralized institutions, also supports the path of decentralization. He stated, "For exchanges to improve, they need to reference Hyperliquid. Its success lies in challenging the scrutiny and restrictions of the financial system, removing the rules that people oppose, and allowing free trading without red tape. Whether it's CEX or DEX, liquidity is always an unavoidable issue, and the key to solving all of this is community—truly decentralized users and communities are our core strength against centralized power."
Justin Sun admitted that he is studying the mechanisms of Hyperliquid. "We are doing our utmost to promote the growth of Huobi HTX. I am also continuously observing the different characteristics and advantages of other exchanges, hoping to optimize the product experience of Huobi HTX through observation and learning, making it more user-friendly and closer to users."
The policy environment is improving, and the crypto industry is gaining mainstream acceptance
During the live stream, Justin Sun, who had just returned from a trip to the United States, shared his views on the trend of crypto policies, expressing an optimistic attitude towards the industry's future development. "During my meeting with President Trump, we specifically discussed policy issues related to cryptocurrencies, and both sides showed a very optimistic attitude. The current policy environment is becoming increasingly friendly to the crypto industry, especially for Bitcoin and Ethereum. In the future, we will see more companies and investors begin to recognize this industry."
"In fact, many mainstream listed companies are already purchasing crypto assets, and this trend is accelerating. We have reason to believe that more large enterprises and mainstream institutions will embrace cryptocurrencies in the near future. In this process, the United States will also become one of the most important participating countries globally."
Conclusion: In the next stage, the industry needs more genuine co-builders
From community culture to institutional signals, from market structure to trading freedom, this live stream outlined the multidimensional transformation that the crypto industry is undergoing. Although Justin Sun and James Wynn come from different backgrounds, their goals align: to build a more free, fair, and authentic crypto ecosystem.
As James Wynn said during the live stream: "(Building projects) for me is not even about money, but about having my self-awareness in it." For the industry, this belief is more powerful than market fluctuations.
As one of the earliest mainstream trading platforms to layout decentralized development in the crypto industry, Huobi HTX has always adhered to the core philosophy of "user first, technology-driven," committed to creating a more free, transparent, and fair trading environment. From supporting high-quality community Meme projects to promoting the construction of a DAO governance system, Huobi HTX is leading the industry towards a more open future with forward-looking strategic vision and practical actions, injecting long-term value into the global crypto ecosystem.
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