Security· ★★· bearish·

Bubblemaps: pump.fun KOL ran pump-and-dump via secondary account

  • —KOL 0xEthan has 88,000 followers on pump.fun
  • —Scheme involved buying a token, promoting it to followers, then selling via a linked account
  • —49 promotional calls generated about $125,000 in profit
Why it matters: The case highlights how KOL calls on launchpads are used to exit into retail buyers, raising risks for meme coin traders.
Source: PANews
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