On-Chain Analysis Platform BubbleMap reviews the jaw-dropping scam cases in the crypto market of 2025.

Celebrity coins have become a trend at the start of the year. Starting with the $TRUMP coin sparking a frenzy, celebrity tokens like $MELANIA, $LIBRA , and $YZY were launched one after another, but it was revealed that they were suspected to be manipulated by the same issuing team behind the scenes, ultimately all going to zero without exception. This hype drained market liquidity, leaving only retail investors' trapped orders.

In the second half of the year, the market was again dominated by various airdrop and pump-and-dump schemes. The Monad ecosystem's aPriori protocol raised $30 million, but it was exposed that 60% of the airdropped tokens were heavily claimed by the same address—what about ecosystem democratization?

The most shocking was the sniper attack on $TRUMP coin by the well-known trader Naseem. On January 18, just before Trump took office, the $TRUMP coin was launched. BubbleMap discovered that a certain address had投入 over a million dollars into the liquidity pool during its early stages, ultimately earning over a hundred million dollars in profit. The owner of this address was Naseem himself. BubbleMap initially suspected insider trading, but Naseem later explained that his team had discovered signs of the TRUMP-USDC trading pool on the official Meteora address a day in advance, allowing them to position themselves ahead of the curve.

What appears to be a booming market is actually filled with schemes, bloodsucking, and harvesting. These cases reflect a harsh reality: when regulation is lacking and information asymmetry exists, retail investors are always the most vulnerable link.