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On the evening of June 1, Beijing time, Justin Sun, global consultant of Huobi HTX and founder of Tron TRON, and James Wynn, a well-known contract trader, had an in-depth conversation on the future of Meme ecosystem and trading platform through Huobi Live.The discussion not only focuses on the pain points and opportunities of crypto trading, but also reveals the core trends of the next round of industry changes: decentralization, community-driven, and user freedom.Former professional Muay Thai player and businessman Andrew Tate, as well as the Meme project Moonpig team, also participated in the live broadcast.
The community is the soul of the Meme project, the giant whale is not
James Wynn is known for his huge contract positions and investment and support for the Meme ecosystem.Speaking of the current Meme ecosystem, he pointed out that most Meme projects have been “manipulated by centralized interest groups” and have become tools for high-frequency hype, losing their original cultural core.”Many Meme coin teams deliberately make the liquidity pool very shallow and ship it at high trading volume, and then easily raise the price to create an illusion,” said James Wynn.It is precisely because of this that those truly sincere and completely community-driven projects are even more valuable.In his opinion, PEPE and MOONPIG, which recently launched Huobi HTX, are Meme projects that have community spirit and beliefs that can resonate with each other.
In terms of project selection, Justin Sun holds a similar view with James Wynn.”I value passion, resonance, and a community with narrative and soul behind it, especially those 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 best to help the Huobi HTX project grow.”
$100 million loss: confrontation with traders
Recently, James Wynn’s high-leverage contract positions have been the focus of the market. During the live broadcast, he also shared his mental journey of being liquidated at $100 million, saying that the huge loss was due to the “hunting” of large market makers.”They don’t like to see civilians make money. The bigger your position, the more you will be targeted,” said James Wynn.”When I am surrounded, I will not admit defeat, but will 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 enjoyed the process. Even if I earn $1 billion, I wouldn’t spend it on myself. What I pursue is not wealth itself, but enjoying the thrill of this game.”
The future of exchanges is decentralization
As one of the most experienced builders in the crypto industry, Justin Sun and James Wynn discussed 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 various pain points in existing trading platforms. I hope to build a more humane, fairer and more free trading experience.” Justin Sun said.
On this topic, James Wynn, who has been “hunting” by centralized institutions, also supports the development path of decentralization.He said, “If the exchange wants to improve, it needs to refer to Hyperliquid. Its success lies in challenging the scrutiny and restrictions of the financial system, removing the set of rules that people oppose, and without red tape, people can trade freely. Whether it is CEX or DEX, liquidity is always an inescapable problem, and the key to solving all this is communityization – truly decentralized users and communities are our core force against centralized centralization.”
Justin Sun admitted that he was studying the mechanism of Hyperliquid.”We are doing our best to promote the growth of Huobi HTX. I am also continuing to pay attention to the different characteristics and advantages of other exchanges. I hope to continuously optimize the product experience of Huobi HTX through observation and learning, so that it can become easier to use and closer to users.”
The policy environment is improving, and the crypto industry is receiving mainstream acceptance
During the live broadcast, Justin Sun, who had just finished his trip to the United States, also shared his views on the trend of crypto policy, saying that he is optimistic about the subsequent development of the industry.”In my meeting with President Trump, we also discussed cryptocurrency-related policy issues and both 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 more and more companies and investors begin to recognize this industry.”
“In fact, there are already many mainstream listed companies 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. And in this process, the United States will also become one of the most important participating countries in the world.”
Conclusion: In the next stage, the industry needs more real co-constructors
From community culture to institutional signals, from market structure to transaction freedom, this live broadcast outlines the multidimensional transformation that the crypto industry is experiencing.Although Justin Sun and James Wynn come from different backgrounds, their goals are the same: to build a more freer, fairer and more authentic crypto ecosystem.
As James Wynn said in the live broadcast: “For me, (construction projects) are not even for money, but for my self-awareness.” For the industry, this belief is more powerful than the market rise and fall.
As one of the earliest mainstream trading platforms in the crypto industry to develop decentralizedly, 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 and injecting long-term value into the global crypto ecosystem.
