Crypto Whale Challenges CEXs: Account Bans Spark Market Volatility

Crypto trader James Wynn has publicly challenged centralized exchanges over alleged unjust account bans, accusing them of corruption and targeting his activities due to his outspoken stance against it. Wynn plans to collaborate with the Moonpig team on a platform to address these issues, emphasizing transparency throughout the process if necessary. This incident highlights growing tensions between crypto users and centralized exchanges, impacting meme coins like PEPE with increased volatility. 24-hour trading volume for BTC saw a 0.78% increase and ETH showed a decrease of 3.18% over the past week according to CoinMarketCap.