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 alleged in an October 9 thread on X that a group of suspected linked wallets repeatedly purchased tokens before Ethan promoted them to his followers. The firm estimated that the activity generated around $45,000 in trading profits and $80,000 in promotional rewards, with some wallets beginning to sell within three minutes of the initial recommendation. The findings remain allegations based on blockchain transaction analysis, and the ownership of the identified wallets has not been independently established.