Wu said that the blockchain data visualization platform Bubblemaps released an investigation report, revealing that Indian developer Sahil Arora made a profit of about $30 million by issuing tokens for celebrities in 2024. The report pointed out that Arora, who now lives in Dubai, has issued tokens for many celebrities such as Iggy Azalea and Caitlyn Jenner, but most of the projects eventually returned to zero. Arora operates through the Pump.fun platform, using his Instagram influence and certification marks to persuade celebrities to tweet and promote token addresses for high rewards. He usually holds 25-40% of the token supply and sells it immediately after the celebrity tweets, using celebrity fans as exit liquidity. Bubblemaps stated that the investigation is based on public data and observations, is for reference only, and should not be regarded as final evidence or legal advice.