On Solana, a public buy can look like a signal. According to Bubblemaps — an analytics firm built around mapping connections between on-chain wallets — linked wallets treated that signal as exit liquidity.

In a thread posted on X on November 9, Bubblemaps alleged that Solana memecoin trader @Cupseyy used roughly 30 linked wallets to extract approximately $1.74 million since May 7, selling into copy-trader demand that followed his public purchases on pump.fun, the Solana launchpad where new tokens go live and become tradable the moment they are created. The claim is the firm's on-chain map, not a court finding.

What Bubblemaps Says Happened

In the thread, Bubblemaps describes Cupsey — whose X account shows roughly 235,000 followers — as one of the biggest trading names on Solana. The firm says he is a former Fortnite player who made millions of dollars in memecoins across 2024 and 2025 and built a large following.

Bubblemaps says it identified about 30 wallets connected to Cupsey's public pump.fun wallets. Clustering like this links addresses by shared funds and timing, since a single public wallet shows only the activity a trader wants seen. Since May 7, those wallets allegedly traded more than 27,000 tokens, about 3,000 of which moved through a side-wallet scheme, according to the firm.

The investigation outlines a repeating pattern:

• Four operational wallets buy tokens and distribute them to about 12 side wallets.
• Cupsey's public wallet, labeled 6DQAGJ in the maps, buys.
• Copy traders pile in.
• The side wallets begin dumping.

One Bubblemaps diagram shows the operational wallets feeding thousands of tokens to the side wallets, with roughly $2.0 million flowing back to the operational group and about $484,000 moving through a downstream set. Those figures are the firm's labeled flows, not audited books.

How the Side Wallets Allegedly Worked

The timing is central to the allegation. Bubblemaps says that while Cupsey was posting callouts, the side wallets were already selling — often immediately after the public buy. In the firm's account, the first exit hits copy traders, and social traders come next.

One marked example tracks the price of $SAW against Cupsey's public posts. Bubblemaps flags windows in which the side wallets sold about 62 SOL and, later, about 24 SOL while bullish callouts were still going out. The chart is evidence the firm chose to publish, not a full market record.

Bubblemaps further claims that Cupsey has multiple on-chain links to a serial token deployer truncated as 3z4vj. According to the firm, that deployer launched and rugged thousands of tokens, including $CUPSEY, and Cupsey's side wallets sniped more than 400 of those launches. Bubblemaps puts the deployer's trading profits at about $1.3 million.

The firm separates the side-wallet haul from public callout rewards: the side-wallet operation is said to have made about $1.74 million across roughly 3,000 tokens since May 7, while Cupsey earned about $331,000 in callout rewards, per the same thread. Bubblemaps credits @ogmothy for the lead.

Why It Matters

Copy-trading — platforms that automatically mirror a named trader's public transactions into followers' own accounts — turns a verified badge into a market order. If a public buy is the bait and linked wallets provide the exit, retail attention becomes inventory for someone else's sell. The alleged pattern sits alongside other rug pulls and attention-exit schemes on the crypto scams landscape. The mechanism is not a novel bridge exploit; it is influence plus wallet clustering plus speed. Social trading was marketed as transparency, and Bubblemaps argues the same rails can hide a second book.

No U.S. regulatory filing, arrest notice, or exchange statement accompanied the thread at publication time, and Cupsey had not posted a clear public reply in the first hours after the maps were released. Wallet links can be disputed, and the dollar totals depend on Bubblemaps' labels and price data. Readers should treat the $1.74 million figure as a claim backed by receipts the firm published, not as a settled verdict. The near-term markers are checkable ones: a public response from Cupsey, or independent clustering work from other analytics firms that either corroborates or contests the labels in the maps.

New tools change the surface of memecoin fame, but the underlying motives remain familiar. When a crowd pays for a legend's next call, someone else may already be selling into the cheer.

This article is based on reporting by Live Bitcoin News.