A Solana-based meme coin named after prominent crypto influencer Ansem has rocketed to a fully diluted valuation of over $108 million, with on-chain data showing his wallet holds more than $71 million worth of the token.
However, the person who actually deployed the coin reportedly walked away with just $5,500.
A Pre-Arranged Deal?
On-chain analytics firm Lookonchain shared details of the situation on June 29, saying that the deployer, identified by the wallet tag “yHCxHB,” spent $6,300 to launch The Black Bull (ANSEM) and then acquired 792.45 million tokens in the process.
Of those, 650 million were transferred directly to Ansem’s wallet for free, with the deployer then selling the remaining 142.45 million tokens for $11,800, leaving them with a $5,500 profit on a meme coin that has since crossed a $43 million market cap per CoinGecko.
Spot On chain analyst Hupzy was direct about what the numbers suggest:
“The deployer handed 80%+ of his allocation to a single influencer for
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