Memecoin
pump.fun
Solana
Blockchain investigators had previously linked the wallet behind the LICK token on Pump.fun to alleged U.S. government crypto theft, with the wallet holding 40% of the supply.
Journalist
Hassan Shittu
Journalist
Hassan Shittu
Part of the Team Since
Jun 2023
About Author
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Has Also Written
Crypto Crime Hits $158B in 2025 – But Illicit Use Keeps Falling, Says TRM
Bitcoin Is Bouncing – But These 3 Metrics Decide If the Bull Market Is Returning
Binance Founder CZ Fires Back at FUD Over 'Buy and Hold' Tweet — Here’s What He Really Meant
Are Stablecoins Quietly Draining Banks? Standard Chartered Thinks So
Gemini Shuts Down Nifty Gateway NFT Marketplace – Here’s What’s Next for Holders
Author Profile
Share
Copied
Last updated:
January 28, 2026
A Solana-based meme coin launched by a wallet linked to an alleged theft of U.S. government-controlled crypto assets has collapsed rapidly after a brief surge in trading activity.
The token, John Daghita (LICK), was created on the Pump.fun launchpad and initially drew strong speculative interest, pushing its market capitalization to nearly $2.3 million within hours of launch.
On-chain data shows the token surged by more than 13,300% before sharply reversing course.
A screenshot shared by Bubblemaps shows that LICK later fell to around $0.0011, shedding over 14% of its value within five minutes as selling pressure intensified.
Trading data indicates that the deployer wallet accumulated tokens early at low valuations, making four purchases before the rapid price rally and subsequent collapse.
Shortly after the sell-off, the token appeared to be deleted from Pump.fun, effectively ending its trading activity.
Bubblemaps Finds Concentrated Supply in LICK Token Debut.
Further scrutiny came from Bubblemaps, which reported that the deployer of LICK held approximately 40% of the total token supply at launch.
Such concentration is widely viewed by analysts as a warning sign, as it allows insiders to exert outsized control over price action and liquidity.
Bubblemaps claimed that the same individual tied to the alleged theft controlled the deployer wallet and a significant share of the supply during the token’s launch phase.
The launch attracted attention after blockchain investigator ZachXBT said the wallet associated with the token deployer was connected to tens of millions of dollars in crypto allegedly tied to U.S. government-seized assets.
In an X post on Jan. 23, ZachXBT claimed the individual behind the online alias “John Daghita,” also known as “Lick,” had displayed control over wallets holding approximately $23 million during a recorded dispute with another actor in a Telegram group.
Public records show that Command Services & Support, a Virginia-based firm whose president is Dean Daghita, received a U.S. Marshals Service contract in October 2024 to assist with the custody and disposal of certain digital assets seized by the government.
ZachXBT alleged that John Daghita, the president’s son, gained unauthorized access to wallets connected to those holdings.
The allegations have not been tested in court, and no criminal charges have been announced.
Meme Coin Chaos Deepens Across Solana’s Pump.fun Ecosystem.
The...
https://cryptonews.com/news/us-crypto...
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
Информация по комментариям в разработке