Investigation

Bubblemaps Investigates: Millions of dollars extracted from followers

This is an investigation into Cupsey who’s been considered a trading “legend” by many. He used this favorable, public image to extract $1.7 million using secret side wallets.

One of the biggest names on Solana

This ex Fortnite player made millions trading memecoins in 2024-2025 and built a massive following.

Cupsey has always been an aggressive trader, but lately, his strategy took a darker turn.

Bubblemaps had a look at what was going on behind his public wallet, namely with his side wallets. We found a whole network of them that appears to profit a lot.

30 wallets - 3,000 tokens

We identified 30 wallets that are connected to Cupsey’s public pump.fun wallets. Together, they have trade over 27,000 tokens since May 7

Trace starting from Cupsey's public wallet leading to many side wallets.

This all happens in a pattern of:

4 wallets buy the token, distributes it to 12 side wallets
Cupsey's public wallet buys
Copy traders buy
Side wallets begin dumping

In short, the side wallet sell into the buy pressure that Cupsey creates using his public wallet

Close connection to a serial deployer

We found numerous links between Cupsey and the serial deployer 3z4vj which launched and rugged thousands of tokens including $CUPSEY. It made $1.3 million in profits this way, Cupsey side wallets sniped more than 400 of its tokens.

Buy, post, sell, post

On $PACK, the side wallets sold 10 SOL early, then 109 SOL as the price climbed, while the public wallet sold 71 SOL later.

On $SAW, side wallets sold 62 SOL, then 24 SOL around the same time Cupsey was posting about the token.

The money gained

Side wallet operation: $1.7M
Serial rugger connected to Cupsey $1.3M
Cupsey earned $300K in PumpFun callout rewards

As you can see, this all goes way behind callout rewards. We hope to educate you as a trader or copy trader of the system behind the curtain.

This investigation is also published through our X thread.

Tools used for this: Bubblemaps, Solscan, Dune, PumpFun, X.

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