Bubblemaps accused crypto influencers of using public trading wallets to attract followers while selling tokens through undisclosed addresses, and called on launchpads to audit leading traders and ban repeat offenders. In a Nov. 6, 2026, post on X, the blockchain analytics firm said social trading’s promise of transparency had been weakened by hidden wallets, paid token recommendations and coordinated purchases across multiple addresses. It alleged that one of crypto’s largest KOLs (key opinion leaders) had secretly extracted millions from followers, but did not identify the person. Bubblemaps said affiliate payments, callout rewards and trading leaderboards can help traders build audiences and sell into them. Its earlier investigations examined Ethan, Anglio, Solstice and Kimchi. The firm estimated Ethan earned about $125,000 from 49 Pump.fun promotions, including $45,000 in trading profits and $80,000 in promotional rewards. It estimated Anglio earned $130,000 from 534 recommendations, with about 40% from trading and 60% from callout rewards. In the Solstice case, Bubblemaps contrasted a public-wallet loss of $70,000 with allegedly connected wallets’ gains of $270,000, while Kimchi’s reported TRUMP profits were estimated at about $6 million rather than the unconfirmed $40 million figure used in promotional claims. A KIMCHI promotion also preceded a token’s rise to nearly $14 million in market capitalization before a drop of more than 95%.