Blockchain analytics platform Bubblemaps alleged that Pump fun influencer Ethan (@0xEthan) used linked wallets to buy tokens before promoting them and sell shortly afterward. An analysis of 49 token callouts found that suspected linked wallets typically bought ahead of his posts and began selling within an average of three minutes after the first callout, sometimes while Ethan was still publicly bullish on the tokens.

Bubblemaps estimated total profits and rewards of approximately $125,000, including $45,000 in trading profits and $80,000 in callout rewards. The wallet connections and earnings remain third-party estimates and have not been independently verified.