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Bubblemaps
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Visual analytics platform for onchain trading and investigations – powered by $BMT
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One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
-$100,000,000 on a Trump token
Justin Sun's locked $WLFI dropped 80% since he was blacklisted last year
Insane
Justin Sun's locked $WLFI dropped 80% since he was blacklisted last year
Insane
JUST IN: ⚠️ Justin Sun blacklisted after allegedly selling $WLFIView quoted post on X
We were first to track his CEX deposits
⚠️ Polymarket Drain Report
A third party provider from Polymarket was compromised
700+ users drained and $2.7M stolen
Main attacker:
0x3F99139F1C5854bb628c2e576Aaf638e99dFfc18
Funds converted to $POL and sent out to:
$1.4M
0xe4C4C39C1733e1C7c06B79f97ED442B68Df41EC6
$523k
0xc91ee0574a14446DE200923729c349B9CAE19b60
$393k
0x5392587814Ce8c6af6789764f88e5e9AB0b9962C
$200k + bridging to Ethereum
0x3f7019221a925537DC20767C38e80A7127fb1Ffa
$45k (Ethereum)
0x74e940e4Eb470A9D8B78C5eb8919938041219897
Polymarket said impacted users will be made whole
Funds are still moving. We’ll keep tracking
A third party provider from Polymarket was compromised
700+ users drained and $2.7M stolen
Main attacker:
0x3F99139F1C5854bb628c2e576Aaf638e99dFfc18
Funds converted to $POL and sent out to:
$1.4M
0xe4C4C39C1733e1C7c06B79f97ED442B68Df41EC6
$523k
0xc91ee0574a14446DE200923729c349B9CAE19b60
$393k
0x5392587814Ce8c6af6789764f88e5e9AB0b9962C
$200k + bridging to Ethereum
0x3f7019221a925537DC20767C38e80A7127fb1Ffa
$45k (Ethereum)
0x74e940e4Eb470A9D8B78C5eb8919938041219897
Polymarket said impacted users will be made whole
Funds are still moving. We’ll keep tracking
You can't make this up
@The__Solstice built a launchpad and is now shilling the top runner
Spoiler: it's bundled (again)
@The__Solstice built a launchpad and is now shilling the top runner
Spoiler: it's bundled (again)
1/ An investigation into @The__Solstice, top #3 social trader, and his ties to a massive bundling operationView quoted post on X