Sahil Arora Executed a Series of High-Profile Token Schemes Involving Celebrities in 2024

Leveraging his extensive Instagram following and connections, Arora reportedly generated substantial profits through what is commonly known as pump-and-dump schemes.

Sahil Arora, a Dubai-based investor and promoter, executed a series of high-profile token schemes involving celebrities in 2024.

Leveraging his extensive Instagram following and connections, Arora generated substantial profits through what is commonly known as pump-and-dump schemes.

While a recent Bubblemaps claim puts Arora’s earnings at a hefty $30 million, independent blockchain sleuth ZachXBT disputes this figure, suggesting a more modest profit in the range of $2-3 million.

Arora reportedly issued tokens tied to well-known figures like Caitlyn Jenner, Floyd Mayweather, Amber Rose, Sunny Leone, and Iggy Azalea.

Using a platform called Pump Fun, he orchestrated a campaign that included direct messages to celebrities, offering them significant payments in exchange for promoting the token.

At the heart of Arora's scheme was manipulating the token's price through hype and celebrity endorsements.

Once the token was launched and its price was artificially inflated through celebrity tweets, Arora, who held a substantial portion of the token’s supply, sold off his holdings. This rapid selling, often executed immediately after the promotional push, caused the token’s value to plummet, leaving other investors with worthless assets.

Bubblemaps traced over 40 crypto addresses associated with Arora, used to manage and manipulate the token supply. Typically, Arora held varying amounts of each token in these addresses, ranging from 25-40% of the total token supply.

After the token launch, he consolidated these holdings and moved the proceeds to a main wallet, identified as 7Ci23i82. Funds were then regularly transferred to centralized exchanges.

Arora's Financial Gains and Discrepancies

Arora's methods proved lucrative, with reports from Bubblemaps indicating earnings of around $30 million through these schemes in 2024. The breakdown of earnings reveals substantial monthly fluctuations: $3 million in January, $1.8 million in February, $3.2 million in March, $2.5 million in April, $4.8 million in May, $2.5 million in June, $2 million in July, and a staggering $6.6 million in August.

However, ZachXBT has raised concerns with Bubblemaps' calculations. According to ZachXBT, the figures reported by Bubblemaps were inflated due to an error that involved incorrectly attributing a Poloniex wallet address to Arora.

ZachXBT's revised estimate suggests that Arora's actual earnings from these schemes were likely in the range of $2-3 million, significantly lower than previously reported.

Celebrities involved in such schemes often face scrutiny and legal issues, as the true value and legitimacy of these projects are frequently questionable, despite some promoting tokens for financial gain.

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