Blockchain analytics platform Bubblemaps has accused Pump.fun promoter Ethan (@0xEthan) of allegedly buying tokens through linked wallets before publicly recommending them, then selling shortly after the calls. In its review of 49 token promotion cases tied to Ethan, Bubblemaps said the suspected wallets typically bought before the recommendation and began selling an average of three minutes after the first public mention. The firm also said some of the sales took place while Ethan was still publicly bullish on the same tokens. Bubblemaps estimated the total gains at roughly $125,000, including around $45,000 in trading profit and about $80,000 in promotion-related rewards. It added that the wallet attribution and profit figures remain based on third-party analysis and estimates. The item was carried by Techub News and cited Wu Blockchain.
Techub News reported that blockchain analytics platform Bubblemaps has accused Pump.fun promoter Ethan (@0xEthan) of allegedly buying tokens in advance through linked wallets before recommending them publicly, then selling soon after the promotion.
After reviewing 49 token promotion records associated with Ethan, Bubblemaps said the suspected linked wallets usually bought before the recommendation and started selling an average of three minutes after the first public call. It added that some transactions took place while Ethan was still publicly bullish on the tokens involved.
Bubblemaps estimated the related gains at about $125,000, including roughly $45,000 in trading profits and about $80,000 in promotion rewards.
The platform said the wallet attribution and profit figures are still based on third-party analysis and estimates.
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