230,000-Follower 'Crypto Guru' Exposed: 30 Alt Accounts Uncovered for Fan Harvesting

Written by: ChandlerZ, Foresight News

On November 10, on-chain data analytics firm Bubblemaps released a long-awaited investigative report targeting Cupsey, a well-known meme coin trader on Solana with over 230,000 followers on X.

To many retail investors and copy trading software users, Cupsey's public wallet is a golden ticket. Whenever this address buys a new coin, followers who subscribed for alerts receive pop-ups, and some accounts equipped with copy trading tools automatically follow the buy based on preset conditions.

Bubblemaps' on-chain tracking has unveiled this transparent facade. Since May 7 of this year, approximately 30 secret addresses linked to Cupsey's public wallet on Pump.fun have cumulatively traded over 27,000 types of tokens within just a few months. Among these, around 3,000 tokens were used by these alt accounts to cash out approximately $1.74 million through techniques like "pre-positioning, public calls, and selling into buying pressure." As of the time of publication, Cupsey has not made a clear response to the specific allegations.

Who is Cupsey?

Before entering the crypto space, Cupsey was an ordinary competitive player of Fortnite on PC, previously part of the First Gaming team. Between 2022 and 2023, he frequently participated in official events such as Duos Cash Cups, Solo Cash Cups, and FNCS (Fortnite Champion Series), achieving a top 10 finish in a Solo cash tournament in 2022.

Around 2022, he began to engage with Solana's NFTs (such as joining the DeGods community) and later transitioned to the Pump.fun platform during the meme coin craze in 2024. Benefiting from the high-speed internet and quick reflexes developed through years of intense esports gaming, he spent 12 to 16 hours a day scanning for new coins, executing hundreds or even thousands of trades on average each day at his peak.

According to incomplete statistics at the time, Cupsey's address ranked first in August 2025 with approximately $5.14 million in profits over nearly three months, achieving a win rate of 67.7%. The trading pace of this wallet was also much faster than that of ordinary investors, averaging about 910 trades per day over a week of observation, with many tokens held for only a few seconds or minutes after purchase.

Community statistics show that he set a record of 271 consecutive days of profit, turning a very small initial capital into tens of millions of dollars in realized assets, earning him the title of "Meme Coin Printing Machine" in the community.

As trading records spread, Cupsey's follower count continued to rise. By November 2026, his X account had over 230,000 followers. In September 2025, he also posted that approximately $500,000 had been transferred from his wallet overnight.

Four wallets buy, twelve wallets distribute, a production line for selling

On current crypto social trading platforms, actively disclosing wallet addresses has become standard for top traders to attract traffic. However, on-chain records can only show the buying actions of public addresses, while other associated holdings remain hidden.

Bubblemaps restored this repetitive trading process that has played out over 3,000 times:

Step one, four core operational wallets quietly enter to buy new coins, quickly dispersing the chips to twelve associated wallets; step two, Cupsey's public wallet buys the same token and posts a recommendation on social media, attracting follow-on funds to flood in; step three, the lurking associated wallets begin to sell as buying pressure surges.

On-chain timestamps show that some associated wallets immediately dumped after buying from the public address; other cases indicate that while Cupsey was still editing and publishing recommendation content, the hidden alt accounts had already sold off their chips.

Newly issued meme coins have very thin liquidity, and the influx of follow-on buy orders can quickly drive up the transaction price. The pre-positioned alt accounts successfully sell into this buying pressure, leaving latecomers to buy at high prices and bear the subsequent drop alone.

The investigation also linked Cupsey's related addresses to a token issuance address starting with "3z4vj." This address had issued tokens in bulk and exited after the opening, including a token named CUPSEY. The alt accounts identified by Bubblemaps had early purchases of over 400 types of tokens launched by this address. It is estimated that the trading profits from "3z4vj" amount to approximately $1.3 million. The investigation report lists this money as the earnings of the issuance address, not yet directly attributed to Cupsey himself.

20-second head start, a hundred wallets in coordination

Before naming Cupsey, Bubblemaps had already exposed several active traders at the top of the leaderboard in recent weeks, following similar on-chain characteristics.

After analyzing 534 recommendations from trader Anglio, Bubblemaps investigators discovered five wallets closely related to him. Among them, 61% of the recommended tokens had been purchased by associated wallets before the recommendations were published, with an average head start time of about 20 seconds, and then sold within minutes. Anglio later admitted to using related methods.

Trader 0xEthan's rhythm was even tighter. In his most recent 49 recommendations, the public wallet and three associated wallets would buy at the same second, followed by publishing recommendations and selling. This batch of trades earned approximately $125,000, including $45,000 from trading differences and $80,000 from Pump.fun's recommendation rewards.

Another trader, Solstice, who previously ranked high on the social trading app FOMO, also repeatedly recommended low-market-cap meme coins. Some tokens saw a large number of new wallets buying simultaneously at the moment of issuance, with individual wallets holding only a small supply, while there were on-chain intersections between Solstice's public wallet and some issuance addresses. Independent on-chain data agency Bitquery later verified the related trades, uncovering a group of 542 wallets, with multiple issuance addresses buying large supplies at opening and selling shortly after. Solstice responded in the comments that he knows some project teams and supports trusted teams, often rejecting paid promotional collaborations.

Objectively speaking, on-chain tracking can lock in transfer paths and the order of buying and selling, but the flow of funds between addresses still requires a comprehensive judgment combining actual control and responses from the parties involved. However, this highly similar operational model has become common on crypto Twitter.

"Everyone is doing bundle building; this is how the industry works." Bubblemaps revealed that every time they expose a KOL, they hear this justification.

In response, the agency posed a counter-question: If you really believe in the project, why use a large number of alt accounts to deliberately hide your holdings?

The answer is unspoken; from the moment of building positions, these chips are meant to be used for dumping.

Behind the $330,000 platform subsidy, who is feeding the alt account business?

What makes this secret business increasingly profitable are the high incentives offered by issuance platforms.

In addition to trading differences from tokens, Cupsey also received approximately $331,000 in Pump.fun recommendation rewards. Pump.fun allows users to post token recommendations and push notifications to followers, with recommended content having the chance to appear on the platform's information flow and leaderboard.

When the incentive program was launched, bonuses were directly allocated based on the trading volume generated by recommendations. In October of this year, the platform's co-founder Alon announced a rule adjustment, reducing the weight of trading volume in calculations and increasing consideration for the profitability of followers, while cutting rewards for low-market-cap token recommendations. The platform is still continuously modifying its algorithms, and its terms of service state that specific metrics and calculation methods are determined by the official and are not disclosed to the public. Although the terms clearly prohibit manipulating prices, inflating volumes, or coordinating to raise sales through recommendations, as of the time of publication, Pump.fun has not made a public statement regarding Cupsey.

In Bubblemaps' view, the existing incentive mechanisms in the industry are amplifying the misdeeds of traders. The original intention of social trading was to urge KOLs to maintain honesty by making every transaction public; in actual operation, public wallets have become bait to attract followers, while alt accounts are responsible for secretly selling. Tactics that only top influencers could master in the past can now be easily replicated by anyone who makes it onto the leaderboard, turning followers into liquidity that can be realized at any time.

Meanwhile, most token launchpads are overly obsessed with trading volume metrics. Platforms spend millions of dollars on recommendation bonuses, promotional rebates, and leaderboard placements, while taking almost no action to detect bundled chips, investigate insider trading, or ban violators. After all, scams can also generate considerable trading volumes.

"Review top traders, expose their alt accounts, and ban habitual offenders," Bubblemaps stated at the end of their tweet, "There are already existing detection tools in the industry; the only thing lacking is the willingness to use them. No one is going to save us.