Memecoin Promoter Sahil Arora Netted Roughly $3 Million This Year: Blockchain Sleuth

Arora has been accused of perpetrating social engineering scams and other types of fraudulent activity by a wide range of different people, including celebrities and crypto industry players.

Celebrity memecoin promoter Sahil Arora earned around $3 million this year from launching a slew of celebrity memecoins, according to independent blockchain sleuth ZachXBT.

In an Aug. 14 post to X, ZachXBT claimed figures originally posted by blockchain data platform Bubblemaps had overestimated Arora’s earnings, stating that he made $30 million from launching celebrity tokens.

“Sorry the math for this seems incorrect there is no way Sahil made $26M check the liquidity on these coins. Would estimate he made

Highlighting Bubblemaps’ apparent error, ZachXBT said the data platform had incorrectly flagged a wallet address at the crypto exchange Poloniex as one of Arora’s personal wallets, which artificially inflated the total sum.

Arora has been accused of perpetrating social engineering scams and other types of fraudulent activity by a wide range of different people, including celebrities and crypto industry players.

Australian rapper Iggy Azalea, Olympian Caitlyn Jenner and American rapper Rich the Kid (Dimitri Leslie Roger) have all publicly accused Arora of scams related to memecoins promoted using their brand.

Arora allegedly acted as a middleman, launching tokens on behalf of celebrities — sometimes without their knowledge — before convincing them to use their social media to promote the tokens by promising riches.

He would then reportedly sell off his own substantial holdings, removing liquidity and causing the price of the token to crash.

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