Bubblemaps, a blockchain analytics firm, alleges that some crypto influencers use public wallets to attract followers while secretly selling tokens through hidden wallets, profiting millions. The firm criticizes launchpads for enabling this through affiliate rewards and leaderboards that encourage manipulative trading. Bubblemaps has previously investigated influencers like Ethan, Anglio, Solstice, and Kimchi, revealing coordinated buying and selling patterns that exploit followers. The firm calls for audits of leading traders, transparency about connected wallets, and bans on repeat offenders, promising to expose another major influencer soon.
The story on alleged hidden-wallet abuse by crypto influencers is presented here with Pluang's market data for context. For readers following major cryptocurrencies, as of Nov 07, 2026 13:31 WIB, 33 of 50 major cryptocurrencies rose while 16 fell. Bitcoin Cash (BCH) saw a 5.02% decline with 97% of Pluang orders selling and a typical hold time of 69 days, contrasting with Theta Network (THETA), which gained 3.06% with 100% buy orders and a longer hold time of 78 days. Synthetix (SNX) rose 2.41% with 82% buy orders and a hold time of 71 days.
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