Bubblemaps Investigates Four Crypto KOLs, Finds They Used Linked Wallets to Buy Tokens Early and Sell After Shilling

TechFlow reported on November 5 that, according to an on-chain investigation report published by Bubblemaps, it tracked the wallet activity of four crypto KOLs and found suspected use of linked wallets to accumulate tokens in advance and profit from social media shilling.

Among them, the estimated profit from the TRUMP token in Kimchi's linked wallets is about $6 million, lower than the previously circulated $40 million; Solstice was found to have wallet connections with multiple meme coin issuers, with losses of about $70,000 in public wallets and profits of about $270,000 in linked wallets; Anglio's linked wallets bought before 61% of his shilling posts were published, averaging about 20 seconds in advance, with estimated profits of $130,000; 0xEthan was allegedly selling through linked wallets about 3 minutes after posting token recommendations, with estimated profits of about $125,000, including $45,000 in trading gains and $80,000 in Pump.fun shilling rewards. Bubblemaps said the relevant data is based on its on-chain analysis and estimates.

Source: TechFlow