Trader Ansem's portfolio gained over $193 million in the past week driven by The Black Bull (ANSEM) token, according to blockchain analytics firm Lookonchain. The ANSEM token briefly topped a $190 million market cap in early July, marking a record for the Solana-based meme coin. Meanwhile, another trader identified as 49foKJ sold 8 million airdropped ANSEM tokens for $207,000 when the market cap stood at $26 million, missing out on $2.38 million in potential profit as those tokens are now worth approximately $2.6 million. The token was launched in mid-June on Pump.fun, a Solana meme coin launchpad, when daily token launches on the platform hit an 80-day high. The Solana meme coin market has seen explosive growth, though a Solidus Labs report found 98.6% of tokens launched on Pump.fun exhibited signs of fraudulent activity.
Trader Ansem Receives 650 Million ANSEM Tokens from Anonymous Deployer
Lookonchain published the portfolio data on Saturday, stating: "In just one week, trader Ansem's (@blknoiz06) portfolio was up over $193M, thanks to ANSEM." Ansem, who posts to more than a million followers on X, rose to prominence during the 2024 Solana meme coin cycle. The token bearing his name, officially called The Black Bull (ANSEM), was launched in mid-June on Pump.fun.
An anonymous deployer spent approximately $6,300 to create the token and acquire 792.45 million ANSEM, then sent 650 million of those tokens directly to Ansem's wallet. The deployer sold the remainder for a profit of approximately $5,500. Ansem's holdings had already topped $71 million earlier in the rally before the latest surge.
The token was recently trading around $0.357 with a market cap near $185.6 million. ANSEM currently sits at the top of Coingecko's most-searched coins, ahead of Hyperliquid's HYPE and bitcoin.
![Onchain data showing trader Ansem's recent $193 million profit haul.]()
Trader 49foKJ Sells 8 Million ANSEM for $207,000
Lookonchain highlighted a trader identified by the wallet prefix 49foKJ who was airdropped 8 million ANSEM and sold the entire allocation for $207,000 when the token's market cap stood at $26 million. Those same 8 million tokens are now worth approximately $2.6 million, meaning the early exit cost the trader more than $2.38 million in forgone profit.
![Lookonchain data showing a trader losing over $2 million on ANSEM]()
Ansem Pledges Creator Fee Redistribution to Tokenholders
Trader Ansem criticized Pump.fun's reward structure late last month and pledged to redistribute the creator fees flowing to his wallet back to tokenholders. Supporters have referred to the move as a "stimmy for the trenches," slang for returning money to rank-and-file traders.
Pump.fun has moved to rebalance creator and trader incentives this year after concluding its fee structure was not supporting market health. A Solidus Labs report from last year found that 98.6% of tokens launched on Pump.fun exhibited signs of fraudulent activity.
![Coingecko chart showing the week's most searched for and traded coins.]()
FAQ
What did trader Ansem's portfolio gain in the past week?
Trader Ansem's portfolio gained over $193 million in the past week, driven by holdings in The Black Bull (ANSEM) token, according to blockchain analytics firm Lookonchain.
How much profit did trader 49foKJ miss by selling ANSEM early?
Trader 49foKJ sold 8 million airdropped ANSEM tokens for $207,000 when the market cap stood at $26 million. Those tokens are now worth approximately $2.6 million, meaning the early exit cost the trader more than $2.38 million in forgone profit.
What percentage of Pump.fun tokens show fraudulent activity?
A Solidus Labs report from last year found that 98.6% of tokens launched on Pump.fun exhibited signs of fraudulent activity.
