Ansem Airdrops $7M of $ANSEM Memecoin in Bid to Reach 1M Holders

Crypto influencer Ansem has airdropped about $7 million worth of the $ANSEM memecoin to Solana users, and said he will keep distributing tokens as the price rises in a push to grow the holder base to 1 million wallets.

Ansem, who posts under the handle @blknoiz06 and counts close to 1 million followers on X, has sent roughly $6.7 million in $ANSEM to more than 700 wallets, onchain analytics firm Bubblemaps said in a post on X. One wallet received more than $1 million, six received more than $100,000 each, 40 received more than $10,000, 300 received more than $1,000, and 400 received more than $150, according to Bubblemaps. The token currently has about 25,000 holders, Ansem said, short of the 1 million he is targeting.

The campaign is a live test of one of crypto’s most contested ideas: that a person’s online reputation can be packaged into a tradable asset. $ANSEM has no product, revenue or roadmap, and its value rests almost entirely on the attention of the influencer whose name it carries. That makes the airdrop both a marketing engine and a concentration risk, because the same wallet funding the giveaways still holds the majority of the supply.

Fee Redistribution

“Sent out another round of the airdrops, have airdropped about ~$7M so far, will do more as market cap goes higher,” Ansem wrote on X. “Goal is to get $ANSEM to 1M holders, currently at ~25k holders.”

Ansem has framed the distributions as a way to return the creator fees he earns on the memecoin launchpad pumpfun to holders, rather than as a token sale. He did not deploy $ANSEM himself. A separate wallet created the token on pumpfun around June 17 and transferred the bulk of the supply to Ansem’s address, onchain tracker Lookonchain said. That deployer spent about $6,300 to launch the token, bought 792.45 million $ANSEM, sent 650 million to Ansem and later sold the rest for about $11,800, netting roughly $5,500, according to Lookonchain.

Ansem now controls the largest single position. He holds about 604 million tokens, or roughly 60% of the supply, data from Bubblemaps how.

Token Touched a Nine-Figure Valuation

$ANSEM, nicknamed “The Black Bull,” was trading at about $0.10 with a circulating market cap near $43 million and a fully diluted valuation of about $105 million as of 5:30 p.m. ET on June 29, according to CoinGecko. The token rose about 22% over the prior 24 hours, compared with a 7% gain in Solana’s SOL and a 1% rise in Bitcoin.

The token hit a record of about $0.12 earlier on June 29, CoinGecko data show, briefly pushing its fully diluted valuation above $120 million. Reported market caps for the token have varied widely depending on the source and whether the calculation uses circulating or total supply.

Reputation Coins

The airdrop has reopened a debate over so-called key-opinion-leader, or KOL, coins, tokens tied to an individual’s social following rather than a product.

“$ANSEM is a fascinating example of tokenized attention and reputation,” DeFi researcher Ignas wrote on X. He argued that influencer coins are surprisingly less reviled than other ways creators monetize an audience, because buyers opt in. “You can opt out and simply not buy. If you bought and lost money, all you can blame is yourself,” he wrote, adding that most such tokens will fail because they have “no revenue or business tied to them.”

Ignas also flagged a tension in the airdrop model. The tokens being distributed, he noted, are “coming from someone else’s degen pockets” — funded by new buyers rather than business cash flow — and warned that recasting a memecoin as a “revenue token” is “usually bad news” for the price.

Crypto analyst 0xNairolf called the token “a perfect reminder that one of the biggest unsolved markets in crypto is letting people speculate on other people,” predicting that “whoever cracks that is the next pumpfun.”

The episode lands as Solana’s memecoin activity recovers. The Defiant has reported on a broader revival in low-cap Solana tokens, and influencer-driven coins have repeatedly drawn scrutiny, from Iggy Azalea’s MOTHER to the contested NEIRO listings that Ansem himself helped move.

Polarizing Figure

Ansem is a polarizing figure. In October 2024, onchain investigator ZachXBT publicly accused him of promoting a series of low-cap Solana memecoins in a way that resembled pump-and-dump dynamics, arguing his reach could leave followers holding losses. Ansem rejected the criticism, defending his early calls on tokens such as Dogwifhat. The accusations were not accompanied by formal findings and remain unproven.

Concentration is the more immediate concern. With roughly 60% of the supply in a single wallet, the holder doing the airdropping also has the ability to move the price sharply.

Ansem has said further airdrops will follow as the market cap climbs, tying continued distributions to the token’s price.