The digital assets community on X is currently focused on allegations of a crypto influencer engaging in a token dumping scheme. Blockchain analytics platform Bubblemaps has accused an influencer known as Ethan of making significant profits by selling tokens to his followers after promoting them. reported the situation, stating, "A crypto influencer allegedly made $125,000 dumping tokens on his 88,000 followers within MINUTES." The report continued, "Bubblemaps says wallets linked to Pump(.)fun influencer Ethan bought ahead of 49 callouts and began selling within 3 minutes on average. Some were selling while he was still posting updates, it says." further estimated the profits, noting, "Bubblemaps estimates $45,000 came from trading and $80,000 from callout rewards."
Echoing these findings, provided additional details on the alleged scheme. "Bubblemaps Estimates Crypto Influencer Ethan Made $125K Through 49 Token Callouts," reported. The platform elaborated on the mechanics, stating, "An analysis of 49 token callouts found that suspected linked wallets typically bought ahead of his posts and began selling within an average of three minutes after the first callout, sometimes while Ethan was still publicly bullish on the tokens." The report also confirmed the estimated profits, noting, "Bubblemaps estimated total profits and rewards of approximately $125,000, including $45,000 in trading profits and $80,000 in callout rewards."
In separate but related market activity, highlighted recent shifts in stablecoin circulation. The outlet reported, "USDC circulation shrank by $800M in the past week as Circle redeemed $10.5B against $9.7B issued, leaving supply down $2.5B over the past year." This broader market context underscores the ongoing scrutiny within the digital assets space concerning transparency and market integrity.
