- Wynn launches ASSDAQ memecoin, mocking the Nasdaq after account drops to $900.
- Presale raises $8000 in the first ten hours, accepting SOL donations for the token supply.
- Trader lost over $85 million through six liquidations between March and April 2026.
James Wynn is back, not with a trading position this time, but with a memecoin presale. The UK-based crypto trader, who made headlines after turning an initial $7,000 into approximately $83 million through early PEPE exposure and Hyperliquid leverage trading, launched a token called ASSDAQ this week after his trading account was reduced to roughly $900 following six liquidations in two weeks.
The presale raised approximately $8,000 in its first ten hours.
What ASSDAQ Actually Is
Wynn described the token as a deliberate mockery of the Nasdaq, which he believes is heading significantly lower. The presale accepts SOL only, with donors receiving a share of up to 50% of the total token supply in proportion to their contribution. Wynn posted the contract address and donation wallet directly on X.
When early supporters pointed out the slow start, Wynn denied. “Steady on, we only launched less than four hours ago. Give a chance for noobs and distribution please.”
The Context Behind the Launch
The presale comes at a particular low point in Wynn’s public trading career:
- Six liquidations between March and April 2026
- Account value dropped from millions to $900 in under a year
- Previously solicited donations from followers after losing over $85 million, receiving approximately $50,000
- Sent part of those donated funds back into 40x leveraged positions
Despite the track record, Wynn framed the ASSDAQ launch alongside the announcement of a paid trading signal group, describing himself as one of the top ten traders in the world.
“I believe I am one of the best traders of our generation,” he wrote. “Very few have what it takes to profit from extreme macro moves, against the herd, with huge size on the line.”
Whether ASSDAQ becomes a comeback story or another data point in the same cautionary tale is a question the crypto community is watching.
Related: James Wynn Liquidation Leaves $100M Account Nearly Wiped Out
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Source: https://coinedition.com/james-wynn-launches-assdaq-memecoin-presale-after-85m-losses/
