On the evening of June 1, Beijing time, Justin Sun, global advisor of Huobi HTX and founder of TRON, and James Wynn, a well-known contract trader, had an in-depth conversation about the future of the Meme ecosystem and trading platform through Huobi Live. The discussion not only focused on the pain points and opportunities of crypto trading, but also revealed the core trends of the next round of industry changes: decentralization, community-driven, and user freedom. Andrew Tate, a former professional Muay Thai fighter and businessman, and the Meme project Moonpig team also participated in the live broadcast.
Community is the soul of the Meme project, not whales
James Wynn is famous for his huge contract positions and his investment and support for the Meme ecosystem. Talking about the current Meme ecosystem, he pointed out that the vast majority of Meme projects have been controlled by centralized interest groups and have become tools for high-frequency speculation, losing their original cultural core. Many Meme coin teams deliberately make the liquidity pool very shallow, and ship out during high trading volumes, and then easily raise the price to create an illusion. James Wynn said. For this reason, those truly sincere and completely community-driven projects are more valuable. In his view, PEPE, as well as MOONPIG, which was recently launched on Huobi HTX, are Meme projects that have community spirit and beliefs and can resonate.
In terms of project selection, Justin Sun and James Wynn hold similar views. I value passion, resonance, and communities with narratives and souls behind them, especially those truly decentralized and user-driven projects. Huobi HTX is committed to building a platform that supports high-quality meme projects, and we will do our best to help projects listed on Huobi HTX grow.
$100 million loss: The fight against the manipulators
Recently, James Wynns high-leverage contract positions have been the focus of the market. In the live broadcast, he also shared his experience of being liquidated for $100 million, saying that the huge loss was due to being hunted by large market makers. They dont like to see ordinary people making money. The larger your position, the more you will be targeted. James Wynn said. When I am surrounded, I will not admit defeat, but fight back. When the time is right, I will return to the market with 40 times leverage and hundreds of millions of dollars in long orders.
In fact, I enjoy the process. Even if I make $1 billion, I wont spend it on myself. I am not pursuing wealth itself, but enjoying the excitement of this game.
The future of exchanges is decentralization
As one of the most senior builders in the crypto industry, Justin Sun discussed with James Wynn the direction of the exchange. My goal has always been clear: to enable users to complete transactions faster and easier, lower the threshold for use, and improve the various pain points of existing trading platforms. I hope to build a more humane, fairer, and freer trading experience. Justin Sun said.
On this topic, James Wynn, who has been hunted by centralized institutions, also supports the development path of decentralization. He said, If exchanges want to improve, they need to refer to Hyperliquid. Its success lies in challenging the censorship and restrictions of the financial system, removing the set of rules that people oppose, without red tape, people can trade freely. Whether it is CEX or DEX, liquidity is always an unavoidable problem, and the key to solving all this is community-truly decentralized users and communities are our core strength in fighting against centralization.
Justin Sun admitted that he is studying the mechanism of Hyperliquid. We are doing our best to promote the growth of Huobi HTX. I am also paying attention to the different features and advantages of other exchanges. I hope to continuously optimize the product experience of Huobi HTX through observation and learning, making it easier to use and closer to users.
The policy environment is improving and the crypto industry is gaining mainstream acceptance
During the live broadcast, Sun Yuchen, who had just finished his trip to the United States, also shared his views on the trend of crypto policies and expressed his optimism about the subsequent development of the industry. During my meeting with President Trump, we also specifically discussed policy issues related to cryptocurrencies, and both of us showed a very optimistic attitude. The current policy environment is becoming more and more friendly to the crypto industry, especially Bitcoin and Ethereum. In the future, we will see that more and more companies and investors are beginning to recognize this industry.
“In fact, many mainstream listed companies are now buying crypto assets, and this trend is accelerating. We have reason to believe that more large companies and mainstream institutions will embrace cryptocurrencies in the near future. In this process, the United States will become one of the most important participating countries in the world.”
Conclusion: In the next stage, the industry needs more real co-builders
From community culture to institutional signals, from market structure to trading freedom, this live broadcast outlines the multi-dimensional transformation that the crypto industry is undergoing. Although Justin Sun and James Wynn come from different backgrounds, they have the same goal: to build a freer, fairer, and more authentic crypto ecosystem.
As James Wynn said in the live broadcast: (Construction projects) are not even about money for me, but my self-awareness is involved. For the industry, this belief is more powerful than market fluctuations.
As one of the earliest mainstream trading platforms in the crypto industry to develop decentralized development, Huobi HTX has always adhered to the core concept of user first, technology driven and is committed to building a more free, transparent and fair trading environment. From supporting high-quality community Meme projects to promoting the construction of the 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.
