Trump's renaming causes market chaos
Another day, another fumble
What would you do if you were handed $15M? Well, if you did not sell your investments too early…
A dev sniped 32% of $SI token from side wallets. SI (Super Intelligence) is a popular term currently as Trump is looking to replace the word AI (Artificial Intelligence) with it. The dev initially minted 20% for himself and sniped an extra 12% from 8 other wallets and…
sold it all for $24K. It would be worth $15M today. And the best part? After selling too soon, the dev came back and bought back $SI. But it was already too late.
Follow $SI in real time here.
Another victim of AI and SI shuffling
A whale bought the top of $AI on Robinhood chain for a staggering amount of nearly $1,000,000. The investor was initially up $100,000 but is now down over $600,000.
$AI hit its ATH on September 17 at around $450M market capitalisation. Trump’s push to rename AI into SI caused a significant sell-off on the token.
Talk about unlucky timing. Do you think he will hold and recover his unrealized losses? Follow here to find out.
Thousands of memecoins… let me have some of the bundled one, please!
The popular KOL @frankdegods recently bought $EDEL and posted a thesis on FOMO app. We have already exposed $EDEL for sniping and hiding their own supply in the past - read more here.
And since our post, they have even removed the tokenomics from their website. As the good ol’ meme goes: Nothing to see here!
Extraction, extraction, extraction
The newest way KOLs operate nowadays is via apps, either FOMO or Pump. The buy something, call it out or write a thesis, and sell from side wallets. One such event happened on pumpfun recently by @0xEthan.
It’s pretty simple: he used the buy - callout - sell from side wallets method on 49 tokens, while profiting $125k on very low marketcap tokens.
We investigated his 49 callouts and found a suspicious cluster of wallets. These wallets were connected to Ethan, which bought just before his calls and sold minutes later.
Want to know exactly which wallets? Read the full investigation on X!
$LIBRA CASE DISMISSED!?
Not really. Most claims against Hayden Davis/Kelsier were dismissed over NY jurisdiction, not the allegations themselves. The case is still ongoing in Argentina.
The US class action lawsuit led by Burwick Law on behalf of investors, who lost money on $LIBRA and $M3M3, accused Davis, Kelsier, Meteora and others of running a coordinated insider trading scheme across the two token launches. Their estimates say 86% of $LIBRA investors lost money, totaling over $250M.
The judge dismissed the case with prejudice, closing it in NY court. But most claims against Davis and Kelsier were dismissed due to jurisdiction concerns.
However, the criminal investigation in Argentina still continues as investigators found a draft on Mauricio Novelli’s phone describing $5M agreement involving Davis and Javier Milei, the president of Argentina.
Thanks for reading & stay safe,
Bubblemaps Team
