The Black Bull

Solana

Memecoin

Surge

Crypto trader Ansem (<a href="https://x.com/blknoiz06" rel="noopener noreferrer nofollow">@blknoiz06</a>) is sitting on an estimated $75 million unrealised gain on the Solana memecoin <a href="https://x.com/search?q=%24ANSEM&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$ANSEM</a>, according to on-chain data published by blockchain analytics firm Arkham.
<h2 id="how-the-position-built-up">How the Position Built Up</h2>
The Pump(.)fun account linked to Ansem, operating under the handle ansemconzimp, is up $73.8 million after being sent 65% of the supply of ANSEM. Even after distributing airdrops, he retains 58.7% of the supply.
Ansem airdropped roughly $7 million worth of ANSEM to Solana users between June 27 and June 29, in one of the largest influencer-driven token giveaways in recent memory. The stated goal is to grow the ANSEM holder base from approximately 25,000 wallets to 1 million.
The dominant version of the token, branded as "The Black Bull," launched on Pump(.)fun in mid-June 2026 and ran from a market cap in the tens of thousands to tens of millions of dollars within roughly 10 to 12 days. Over the past seven days, the token has gained more than 26,500%, outperforming the broader crypto market.
<h2 id="concentrated-supply-and-risk-flags">Concentrated Supply and Risk Flags</h2>
Even after distributing $7 million worth of tokens, Ansem's wallet still controls a dominant share of the supply. A 60%-plus ownership stake in any token means one entity has the theoretical ability to crash the price at any moment.
According to Rugcheck(.)xyz, there is a risk of market manipulation due to the large concentration of tokens held in one or more unidentified wallets. In late 2024, blockchain investigator ZachXBT publicly questioned Ansem's practice of repeatedly highlighting low-cap memecoins, pointing to instances where tokens gained attention and later saw steep declines.
Redistributing earned fees back to the community rather than extracting and exiting has been received notably well, particularly in a memecoin environment where influencer-linked tokens frequently draw criticism for benefiting creators disproportionately at the expense of retail participants. Still, the sheer scale of the position means the supply dynamic remains a key risk for anyone entering the trade now.
Sources: <a href="https://cryptobriefing.com/ansem-airdrops-7m-ansem-memecoin-solana/" rel="noopener noreferrer nofollow">Crypto Briefing: Ansem airdrops $7M worth of ANSEM memecoin to Solana users</a> <a href="https://www.coingecko.com/en/coins/the-black-bull" rel="noopener noreferrer nofollow">CoinGecko: The Black Bull (ANSEM) live price and market data</a> <a href="https://www.cryptotimes.io/2026/06/29/inside-the-ansem-memecoin-surge-community-spirit-or-concentrated-control/" rel="noopener noreferrer nofollow">Crypto Times: Inside the ANSEM Memecoin Surge</a>

Ansem Wallet Sits On $75M Memecoin Gain

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