Bubblemaps says a wallet network tied to trader Cupsey generated about $1.7 million, alleging that secondary addresses sold tokens after his public purchases drew copy traders.
The firm said 30 addresses traded in more than 27,000 tokens since May 7. About 3,000 of those tokens, it said, passed through the alleged side-wallet scheme.
Bubblemaps’ example centers on 12 addresses that received tokens from four other wallets; Cupsey’s public address bought afterward, the firm said. The firm says copy traders followed the buy, after which the 12 secondary addresses sold.
Bubblemaps says its on-chain analysis associates Cupsey with address 3z4vj. It attributes thousands of token launches and rug pulls to 3z4vj, estimating that the activity yielded about $1.3 million in profits.
The allegation follows Bubblemaps’ earlier appeal for launchpads to trace linked trader wallets.
