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Analytics firm alleges Solana trader used hidden wallets to profit $1.74M by exploiting copy traders.

Market News
09 Nov 2026, 19:06 WIB
Crypto Briefing
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Bearish
Analytics firm alleges Solana trader used hidden wallets to profit $1.74M by exploiting copy traders.

Onchain analytics firm Bubblemaps accuses Solana memecoin trader Cupsey of using about 30 linked wallets to sell tokens into copy-trader demand, generating roughly $1.74 million. The firm also links Cupsey to a wallet that repeatedly creates and rug-pulls tokens, reportedly earning $1.3 million from such schemes. This alleged setup exploits retail traders who automatically copy trades from public wallets, allowing hidden wallets to profit by selling into the buying wave. If true, it challenges the reliability of copy trading and raises concerns about the integrity of the $CUPSEY token and its $3.7 million market cap. The allegations remain unproven and await further scrutiny.

The story about Solana trader Cupsey includes a mention of the token's $3.7 million market cap, providing context for readers. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Nov 09, 2026 23:21 WIB: Out of 50 major cryptocurrencies tradable on Pluang, 30 rose and 19 fell today. Notable movers include VeChain (VET) with a price of Rp96 and a 1-day change of +2.97%, Solana (SOL) at Rp1,574,942 down 2.86%, and MultiversX (EGLD) at Rp55,472 up 2.86%. Typical hold times and order activity vary, with SOL showing a typical hold time of 72 days and a buy order activity of 69%.

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