Bubblemaps accuses Pump.fun influencer Ethan of $125K scam

Blockchain analytics firm Bubblemaps has accused cryptocurrency influencer Ethan (@0xEthan) of allegedly earning approximately $125,000 through 49 token promotions on Pump.fun, claiming that wallets connected to him bought tokens before his recommendations and sold them shortly afterward. Bubblemaps alleges influencer Ethan promoted 49 tokens while linked wallets bought beforehand and sold afterward. Researchers estimated $125,000 in related alleged earnings, including $45,000 trading profits and $80,000 promotional rewards. According to Bubblemaps, suspect wallets began selling three minutes after Ethan's first callout, on average. Pump.fun rules prohibit misleading promotions, market manipulation, undisclosed compensation, and coordinated trading through multiple wallets.

Also reported by TheCoinrise.

Source: crypto.news