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PUBLIC BUY, PRIVATE GOODBYE
A crypto wallet is an account used to hold and trade tokens. Copy traders watch another wallet's purchases and make similar buys, hoping to follow a successful trader. The catch: ...
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The story, straight
A crypto wallet is an account used to hold and trade tokens. Copy traders watch another wallet's purchases and make similar buys, hoping to follow a successful trader.
The catch: seeing a public wallet doesn't mean seeing every wallet its operator uses.
In its 10 November investigation, Bubblemaps alleges a Solana memecoin trader used 30 linked side wallets alongside public pump.fun wallets.
The firm describes a repeating sequence: 4 wallets buy a token and distribute it to about 12 side wallets. The public wallet buys, copy traders follow, and side wallets sell into that buying.
Those counts describe a round of the pattern, not a single trade.
The alleged arrangement resembles a shop with a welcome mat upstairs and a loading dock quietly shipping out the stock downstairs. Lil'meme would like to know why the buy button needs drainage.
Bubblemaps says the linked wallets traded more than 27,000 tokens since 7 May, with the pattern appearing across roughly 3,000 tokens. These remain allegations, not a legal finding.
At publication, no clear public response to the specific allegations had been reported.
The useful lesson isn't to blame people who copied. It's to inspect linked wallets and selling activity before treating a visible purchase as the whole picture.
Source: https://blog.bubblemaps.io/bubblemaps-investigates-millions-of-dollars-extracted-from-followers/
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The absurd
Why this is ridiculous
The public wallet bought while side wallets sold to followers.
The breakdown
How it breaks down
Copy traders mimic public purchases, giving hidden sellers potential buyers.
The upside
Why it could matter
Check linked wallets before copying trades, not just public purchases.
Sources
https://blog.bubblemaps.io/bubblemaps-investigates-millions-of-dollars-extracted-from-followers/


