- Wynn launched the ASSDAQ meme coin to mock the Nasdaq after his account dropped to $900.
- The presale will settle for SOL donations for token provide, elevating $8000 within the first 10 hours.
- Merchants misplaced greater than $85 million in six liquidations between March and April 2026.
James Wynn is again, this time with a memecoin presale as an alternative of a buying and selling place. The UK-based crypto dealer, who made headlines by turning his preliminary $7,000 into round $83 million by means of early PEPE publicity and Hyperliquid leverage buying and selling, launched a token referred to as ASDAQ this week after six liquidations in two weeks diminished his buying and selling account to round $900.
Roughly $8,000 was raised within the first 10 hours of the presale.
What’s ASDAQ really?
Wynn defined that the token was a deliberate mockery of the Nasdaq, which he believes has fallen considerably. Solely SOL can be accepted for the pre-sale, and donors will obtain as much as a 50% share of the overall token provide in proportion to their donation. Wynn posted the contract deal with and donation pockets on to X.
When early supporters pointed to the sluggish begin, Mr. Wynn denied it. “Preserve going. We solely launched lower than 4 hours in the past. Give us an opportunity to get began and distribute.”
Background of the discharge
The presale got here at a very low level in Wynn’s public buying and selling profession.
- 6 liquidations from March to April 2026
- Account worth decreased from hundreds of thousands of {dollars} to $900 in lower than a yr
- After beforehand dropping greater than $85 million, he solicited donations from his followers and acquired about $50,000.
- Ship a portion of the donated funds again to a place with 40x leverage
Regardless of his observe document, Wynn launched ASDAQ alongside the announcement of his paid buying and selling indicators group, describing himself as one of many high 10 merchants on the earth.
“I imagine I’m one of many biggest merchants of our era,” he wrote. “Few individuals have the capabilities essential to revenue from excessive macro strikes in opposition to the herd with enormous stakes.”
Whether or not ASDAQ can be a comeback story or simply one other knowledge level in the identical cautionary story is a query the crypto neighborhood is watching intently.
Associated: James Wynn liquidation practically wipes out $100 million account
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