Onchain analytics firm Bubblemaps has released an investigation into the activities of crypto influencer @0xEthan on the pump.fun platform. The report alleges that the influencer engaged in a recurring scheme involving the purchase of tokens before promoting them to his 88,000 followers.
According to the analysis, wallets linked to @0xEthan typically began selling tokens within three minutes of a public promotion. Bubblemaps estimates that this activity generated approximately $125,000 in total profits across 49 separate token callouts.
The total profit figure is divided into two primary streams. Trading profits from buying tokens before promotions and selling into subsequent demand are estimated at $45,000. The remaining $80,000 is attributed to rewards received for promoting the tokens.
Bubblemaps identified this pattern as an ongoing extraction scheme. The investigation was initiated following a tip from user @bandosei and was published on October 9, 2026. The findings highlight the risks for retail traders who may enter positions after the influencer has already begun selling.
