On-chain analytics platform Bubblemaps has accused pump.fun influencer 0xEthan of operating a coordinated trading scheme involving 49 token promotions. The KOL, who commands 88,000 followers, allegedly purchases tokens before publicly recommending them to his audience and subsequently selling through linked secondary accounts.
The investigation indicates this pattern has generated approximately $125,000 in profits across the identified promotions. The allegations highlight ongoing concerns regarding influencer accountability and market manipulation within meme coin launchpad ecosystems.
pump.fun KOL 0xEthan Allegedly Profits $125K Through Coordinated Pump-and-Dump Scheme
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