PANews reported on May 26 that the whale James Wynn posted on the X platform that the FUD surrounding moonpig has reached a crazy level. The top wallet that was rumored to be his was actually owned by a random person who could not be contacted. The other party decided to cash out and leave, but was mistaken for him. He emphasized that he had never sold a penny of moonpig, but instead paid out of his own pocket for the repurchase of moonpigreserves and LP destruction. Although he held positions and made profits on paper, they were all unrealized gains. He denied that he was a developer and only strongly supported the project because he was optimistic about it. He emphasized that the community is the force that drives the project forward, not him alone. At the same time, he said that he would not use the newly accumulated fans to promote Meme coins. The market shows that the moonpig token fell by 28.3% in 24 hours.