A newly launched Solana-based meme coin, LICK, has become the center of a major financial scandal after blockchain investigators linked its creation to John Daghita, an individual accused of stealing $40 million from US government seizure addresses. On-chain data from analytics platform Bubblemaps reveals a single wallet tied to Daghita controls a staggering 40% of the token’s total supply, raising immediate alarms about extreme centralization and investor risk. This development follows a detailed investigation by on-chain sleuth ZachXBT, who traced millions in cryptocurrency movements back to funds seized from the historic Bitfinex hack, uncovering a complex web of alleged theft and raising serious questions about access to government-managed crypto assets.
about LICK Meme Coin Tied to $40M US Government Theft ProbeBubblemaps
0 in Finance and 0 in Crypto last weekNYC Token Plummets Amid Rug Pull Allegations Against Eric Adams
Former New York City Mayor Eric Adams is embroiled in controversy following the dramatic collapse of his newly launched cryptocurrency, the NYC Token. The token, which Adams promoted as a vehicle to fund nonprofits and blockchain education, saw its market capitalization plummet from $580 million to approximately $133 million shortly after its Monday debut. Blockchain analysis has revealed a $2.5 million liquidity withdrawal by a wallet linked to the token’s deployer, fueling widespread accusations of a coordinated ‘rug pull’ on social media and casting a shadow over the project’s transparency.
about NYC Token Plummets Amid Rug Pull Allegations Against Eric AdamsNYC Token Scandal: $1M Liquidity Manipulation Exposed
A cryptocurrency token launched with the endorsement of former New York City Mayor Eric Adams has become the latest political crypto project embroiled in scandal, following the revelation of nearly $1 million in suspicious liquidity movements. On-chain analytics firm Bubblemaps identified a wallet linked to the NYC token’s deployer executing transactions that left approximately $932,000 in USDC unaccounted for, casting a shadow over the token’s charitable mission and highlighting a recurring pattern of manipulation in politician-backed digital assets.
about NYC Token Scandal: $1M Liquidity Manipulation ExposedPolymarket Maduro Bet: Bubblemaps Debunks WLFI Insider Claims
A blockchain analytics firm has challenged viral claims linking a $400,000 Polymarket profit to potential insider access. Bubblemaps argues that the on-chain evidence connecting the trader to World Liberty Financial co-founder Steven Charles Witkoff is statistically weak and misleading. The dispute highlights the risks of drawing firm conclusions from partial blockchain data.
about Polymarket Maduro Bet: Bubblemaps Debunks WLFI Insider ClaimsCrypto VC Valuations Crash as Public Markets Reject Private Hype
A stark valuation reset is unfolding across the cryptocurrency sector as projects funded during 2025’s venture capital boom now trade far below their private fundraising marks. Data from CryptoRank reveals a dramatic gap between headline-grabbing private valuations and the sobering reality of public market capitalizations, signaling a decisive shift away from narrative-driven optimism toward pricing discipline. This correction highlights how public markets are forcefully rejecting the inflated valuations set during the peak of the recent risk-on rebound.
about Crypto VC Valuations Crash as Public Markets Reject Private HypeSoulja Boy Faces Crypto Backlash Over Past Promotions
Rapper Soulja Boy faces a fresh wave of intense criticism from the crypto analytics community over his extensive history of promoting digital assets, with his recent public apology being dismissed as insufficient. On-chain analytics platform Bubblemaps has labeled him a ‘repeat offender,’ outlining a cynical cycle of promotion, profit, and disappearance tied to numerous failed tokens and NFT projects. This controversy reignites critical questions about celebrity accountability and the damaging impact of irresponsible endorsements on investor trust within the volatile cryptocurrency ecosystem.
about Soulja Boy Faces Crypto Backlash Over Past PromotionsPEPE Memecoin Launch: 30% Supply Controlled by Single Entity
A new blockchain analysis has shattered the founding myth of the PEPE memecoin, revealing that nearly one-third of its initial supply was controlled by a single entity that immediately dumped millions of dollars worth of tokens. This finding directly contradicts the project’s “for the people” narrative and exposes significant transparency failures, raising urgent questions about fairness and investor protection in the volatile memecoin sector.
about PEPE Memecoin Launch: 30% Supply Controlled by Single EntitySolana Presale Hijacked by Bot Farm, Launch Scrapped
A Solana token presale was derailed after a bot farm used over 1,000 wallets to snatch nearly the entire offering in seconds, leaving genuine buyers empty-handed. The incident has reignited calls for stronger anti-Sybil measures in crypto fundraising. The organizing team has canceled the launch and plans to airdrop a new token to legitimate participants instead.
about Solana Presale Hijacked by Bot Farm, Launch ScrappedEdel Finance Faces Token Launch Controversy Over 30% Purchase
Blockchain analytics platform Bubblemaps has exposed what appears to be coordinated market activity surrounding Edel Finance’s EDEL token launch, alleging that approximately 160 interconnected wallets accumulated 30% of the token supply worth $11 million just before trading commenced. The lending protocol, which focuses on tokenized stocks and real-world assets (RWAs), faces mounting scrutiny over potential market manipulation despite Edel’s leadership maintaining these acquisitions were part of their planned token distribution strategy.
about Edel Finance Faces Token Launch Controversy Over 30% PurchaseaPriori Denies Insider Role in 60% Airdrop Sybil Attack
Web3 startup aPriori faces mounting investor scrutiny after blockchain analytics revealed a single entity claimed 60% of its recent token airdrop through 14,000 interconnected wallets. Despite the company’s firm denial of any team involvement in what appears to be a sophisticated Sybil attack, the massive concentration of tokens in one cluster has raised serious questions about the effectiveness of aPriori’s distribution safeguards and the integrity of its APR token launch.
about aPriori Denies Insider Role in 60% Airdrop Sybil AttackAPR Airdrop 60% Claimed by Single Entity via 14K Wallets
Blockchain analytics platform Bubblemaps has exposed what appears to be a coordinated airdrop farming operation targeting Web3 startup aPriori’s APR token distribution, with approximately 60% of the total allocation claimed by a single entity operating through 14,000 interconnected wallets. The systematic exploitation of the airdrop mechanism, followed by aPriori’s complete silence, raises fundamental questions about token distribution fairness and the vulnerability of decentralized ecosystems to sophisticated manipulation schemes.
about APR Airdrop 60% Claimed by Single Entity via 14K WalletsBinance Web3 Wallet Adds Bubblemaps for Token Transparency
Binance has integrated Bubblemaps’ blockchain data visualization tools directly into its Web3 Wallet, marking a significant advancement in cryptocurrency market transparency. This partnership provides millions of users with enhanced visibility into token distribution patterns and potential market manipulation, representing a crucial step toward addressing long-standing concerns about insider trading and coordinated market behavior in the decentralized finance space.
about Binance Web3 Wallet Adds Bubblemaps for Token Transparency