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Crypto Influencer Allegedly Profited $125,000 from Token Promotions
On October 9, 2026, on-chain analytics firm Bubblemaps released an investigation into the activities of crypto influencer @0xEthan, who is associated with the platform pump.fun. The analysis suggests that the influencer engaged in a pattern of buying tokens before promoting them to his followers and then selling them shortly after, reportedly generating approximately $125,000 from 49 token callouts.
Bubblemaps detailed that wallets linked to @0xEthan purchased each token just before public promotion, with sales commencing within three minutes of the promotional posts. This rapid selling often occurred while the influencer continued to advocate for the tokens, leading Bubblemaps to characterize the behavior as an 'extraction scheme.'
The estimated profits were derived from two main sources: around $45,000 from trading profits and approximately $80,000 from callout rewards, indicating that the majority of earnings came from the act of promoting tokens rather than trading alone. The investigation was prompted by a tip from a user, which led to a broader examination of the influencer's activities that has since garnered media attention.
The findings underscore the implications of blockchain transparency in the crypto market, revealing how easily such patterns can be traced. Retail traders are cautioned that if linked wallets are selling shortly after a promotion, they may be entering trades after the most profitable opportunities have already been realized.
Source: KLEA News