{"id":6907,"date":"2026-07-04T20:32:17","date_gmt":"2026-07-04T20:32:17","guid":{"rendered":"https:\/\/cryptolinks.com\/news\/?p=6907"},"modified":"2026-07-04T20:32:17","modified_gmt":"2026-07-04T20:32:17","slug":"ansem-coin-hits-340m-fdv","status":"publish","type":"post","link":"https:\/\/cryptolinks.com\/news\/ansem-coin-hits-340m-fdv","title":{"rendered":"ANSEM Coin Hits $340M FDV: Can Black Bull Turn Solana Meme Attention Into Real Liquidity?"},"content":{"rendered":"<article>\n<header><strong>The Black Bull\u2019s ANSEM coin reached an estimated fully diluted valuation of approximately $340 million to $356 million as trading volume and creator-fee distributions drew attention across Solana. Its circulating market cap was considerably lower, however, and the larger unresolved question is whether Black Bull\u2019s LP Pods and proposed index amount to durable liquidity infrastructure or an ambitious narrative built around a highly concentrated memecoin.<\/strong><em>Market-data snapshot: July 4, 2026, between 13:31 and 13:45 UTC. ANSEM is highly volatile, so all price, liquidity, volume and valuation figures should be refreshed if this article is published later.<\/em><\/header>\n<p>At approximately <strong>13:45 UTC on July 4, 2026<\/strong>, ANSEM traded at around <strong>$0.34 to $0.356<\/strong>, giving it an estimated circulating market cap of approximately <strong>$141 million to $148 million<\/strong> and a fully diluted valuation, or FDV, of roughly <strong>$340 million to $356 million<\/strong>. Aggregate 24-hour trading volume was approximately <strong>$103 million to $108 million<\/strong> on the most recently refreshed CoinGecko and CoinMarketCap displays.<\/p>\n<p>The exact Solana contract researched for this article is:<\/p>\n<p><strong><code>9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump<\/code><\/strong><\/p>\n<p>That address matters. Several unrelated, copycat or malicious tokens can use the ANSEM ticker, The Black Bull name or similar artwork. Readers should never identify this token by its name, ticker or logo alone.<\/p>\n<p>The difference between market cap and FDV matters just as much. ANSEM did not have a verified $340 million circulating market cap at the time of this review. It reached a valuation near that level only when almost the entire token supply was included in the calculation.<\/p>\n<h2>Key takeaways<\/h2>\n<ul>\n<li>ANSEM\u2019s widely repeated $300 million-plus figure was <strong>fully diluted valuation<\/strong>, not its estimated circulating market cap.<\/li>\n<li>One wallet held approximately <strong>584.28 million ANSEM<\/strong>, or around <strong>58.43% of total supply<\/strong>.<\/li>\n<li>The main Meteora pool held approximately <strong>$3.56 million in liquidity<\/strong>, equal to roughly <strong>1.05% of FDV<\/strong>.<\/li>\n<li>Reported creator-fee distributions reached more than 700 addresses, but a large portion of one distribution went to only seven wallets.<\/li>\n<li>Live ANSEM trading pools are verifiable, but I could not independently verify a proprietary audited Bull Index, formal governance system or protocol-owned liquidity.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6922\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/ANSEMs-340M-headline-is-FDV\u2014not-circulating-market-cap.png\" alt=\"ANSEM\u2019s $340M headline is FDV\u2014not circulating market cap.\" width=\"1672\" height=\"941\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/ANSEMs-340M-headline-is-FDV\u2014not-circulating-market-cap.png 1672w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/ANSEMs-340M-headline-is-FDV\u2014not-circulating-market-cap-300x169.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/ANSEMs-340M-headline-is-FDV\u2014not-circulating-market-cap-1024x576.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/ANSEMs-340M-headline-is-FDV\u2014not-circulating-market-cap-768x432.png 768w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/ANSEMs-340M-headline-is-FDV\u2014not-circulating-market-cap-1536x864.png 1536w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><\/p>\n<h2>ANSEM\u2019s $340M headline is FDV\u2014not circulating market cap<\/h2>\n<p>The first distinction I would make is between circulating market capitalization and fully diluted valuation.<\/p>\n<p><strong>Circulating market cap = token price \u00d7 estimated circulating supply<\/strong><\/p>\n<p><strong>Fully diluted valuation = token price \u00d7 total or maximum supply<\/strong><\/p>\n<p>Using the main GeckoTerminal pool price of approximately $0.3403:<\/p>\n<ul>\n<li><strong>$0.3403 \u00d7 415.68 million estimated circulating tokens = approximately $141.5 million<\/strong><\/li>\n<li><strong>$0.3403 \u00d7 999.95 million total tokens = approximately $340.28 million<\/strong><\/li>\n<\/ul>\n<div>\n<table>\n<thead>\n<tr>\n<th>Source<\/th>\n<th>Price<\/th>\n<th>Circulating supply<\/th>\n<th>Market cap shown<\/th>\n<th>FDV shown<\/th>\n<th>Methodology or limitation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/www.coingecko.com\/en\/coins\/the-black-bull\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGecko<\/a><\/td>\n<td>Approximately $0.3400<\/td>\n<td>415.68 million<\/td>\n<td>$141.27M\u2013$141.93M<\/td>\n<td>$339.83M\u2013$341.44M<\/td>\n<td>Excluded the approximately 584.28 million-token wallet from estimated circulation.<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/coinmarketcap.com\/currencies\/the-black-bull\/\" target=\"_blank\" rel=\"noopener noreferrer\">CoinMarketCap<\/a><\/td>\n<td>$0.35557<\/td>\n<td>415.68 million<\/td>\n<td>$147.80M<\/td>\n<td>$355.57M<\/td>\n<td>Used a similar estimated-circulating-supply methodology.<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/6e7V9eegCHw997T72MxgwwJipZ6GJyZF8NvjkzT1rvpN\" target=\"_blank\" rel=\"noopener noreferrer\">GeckoTerminal main pool<\/a><\/td>\n<td>$0.3403<\/td>\n<td>Not separately supplied<\/td>\n<td>Approximately $141.50M<\/td>\n<td>$340.28M<\/td>\n<td>Pool-level data based on the main Meteora market price.<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/pump.fun\/coin\/9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump\" target=\"_blank\" rel=\"noopener noreferrer\">Pump.fun<\/a><\/td>\n<td>Dynamic<\/td>\n<td>Not displayed<\/td>\n<td>Approximately $353M<\/td>\n<td>Not separately displayed<\/td>\n<td>The displayed \u201cmarket cap\u201d closely resembled full-supply valuation.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Pump.fun\u2019s headline \u201cmarket cap\u201d therefore appeared to operate more like FDV. That does not necessarily make the arithmetic wrong, but it can give readers the wrong impression if they assume every token is already circulating.<\/p>\n<p>Neither market cap nor FDV shows how much cash entered ANSEM. A $340 million FDV does not mean buyers collectively deposited $340 million. Market prices are set at the margin, and a comparatively small amount of available liquidity can support a much larger quoted valuation until substantial selling begins.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6919\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/What-is-The-Black-Bull-ANSEM-coin.png\" alt=\"What is The Black Bull ANSEM coin\" width=\"1672\" height=\"941\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/What-is-The-Black-Bull-ANSEM-coin.png 1672w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/What-is-The-Black-Bull-ANSEM-coin-300x169.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/What-is-The-Black-Bull-ANSEM-coin-1024x576.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/What-is-The-Black-Bull-ANSEM-coin-768x432.png 768w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/What-is-The-Black-Bull-ANSEM-coin-1536x864.png 1536w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><\/p>\n<h2>What is The Black Bull ANSEM coin?<\/h2>\n<p>ANSEM is a Solana SPL token launched through Pump.fun around June 16 or June 17, 2026. The Pump.fun page identifies a creator profile associated with wallet <code>yHCxHBEaJW5tbndqC8JciSThr7U1cqLpdcsvHcx6PRe<\/code>, rather than the public wallet currently holding most of the supply.<\/p>\n<p>On-chain reports indicate that the anonymous deployer spent approximately $6,300 acquiring around 792 million tokens during the launch, transferred a large portion to a wallet associated with crypto trader and online personality Ansem, and disposed of much of the remainder.<\/p>\n<p>These figures originated from wallet tracing and should not be interpreted as proof of a formal agreement between the deployer and Ansem.<\/p>\n<p>I found no verified presale, conventional venture allocation or published investor-unlock schedule. I also could not identify a formal foundation, incorporated development organization or binding governance framework behind The Black Bull.<\/p>\n<p>GeckoTerminal\u2019s automated security checks reported that mint and freeze authorities were disabled. That prevents two common token-level risks\u2014additional minting and account freezing\u2014but it does not solve holder concentration, liquidity, bundled-launch, website-control or phishing risks.<\/p>\n<p>Readers researching similar launches can compare the process with CryptoLinks\u2019 guide to <a href=\"https:\/\/cryptolinks.com\/meme-launch-sites\">Solana memecoin launch platforms<\/a> and our detailed <a href=\"https:\/\/cryptolinks.com\/3347\/pump-fun\">Pump.fun review<\/a>.<\/p>\n<h2>Ansem did not launch the token, so how did he become its central figure?<\/h2>\n<p>The available evidence does not show that Ansem originally deployed or commissioned ANSEM. Instead, an anonymous creator launched a token using his online identity, after which a substantial portion of the supply was transferred to a wallet associated with him.<\/p>\n<p>Pump.fun\u2019s creator-fee and community-takeover systems can allow control of fee rewards to be reassigned after launch. That helps explain how a person who did not deploy a token can later receive creator fees and become economically central to its community.<\/p>\n<p>Ansem\u2019s subsequent public engagement, token ownership and distributions made him the project\u2019s most important public figure. Those facts do not independently establish that he owns The Black Bull website, controls every developer, operates every pool interface or heads a legal entity responsible for the roadmap.<\/p>\n<p>The most accurate description is that ANSEM is socially and economically connected to Ansem, but its original deployment, current community operations and claimed infrastructure should not automatically be treated as one centrally controlled organization.<\/p>\n<h2>Creator-fee airdrops turned attention into a distribution engine<\/h2>\n<p>ANSEM gained visibility after Ansem said creator-fee proceeds would be distributed to holders and community members. Lookonchain reported that approximately <strong>67.38 million ANSEM<\/strong>, valued at around <strong>$9.43 million<\/strong> at the observed price, had been sent to more than <strong>700 addresses<\/strong>.<\/p>\n<p>That is a meaningful on-chain distribution. It is also important not to overstate what it proves.<\/p>\n<p>An airdrop can increase the number of holder addresses without creating the same number of independent long-term participants. A single person may control several addresses, recipients may sell immediately, and the distribution may be discretionary rather than governed by an immutable rule.<\/p>\n<p>I could verify that distributions were publicly discussed and that large token transfers were reported. I could not establish a complete audited breakdown separating tokens funded by pre-existing holdings from tokens purchased or accumulated specifically through Pump.fun creator fees. I also found no binding formula guaranteeing future distributions.<\/p>\n<div>\n<p><strong>Security warning:<\/strong> Never connect a wallet merely to check an unexpected ANSEM allocation. Fake airdrop pages can imitate official branding and request wallet-draining signatures. CryptoLinks\u2019 guide to <a href=\"https:\/\/cryptolinks.com\/news\/how-to-participate-in-crypto-airdrops-safely\">participating in crypto airdrops safely<\/a> explains the most common risks.<\/p>\n<\/div>\n<h2>What the ANSEM airdrop data actually shows<\/h2>\n<p>Reporting based on Lookonchain data indicated that <strong>49.89 million tokens<\/strong>, or approximately <strong>74%<\/strong> of the reported 67.38 million-token distribution, went to seven addresses.<\/p>\n<p>Those seven addresses were reported to have sold approximately <strong>38.29 million ANSEM<\/strong>, retaining around <strong>11.6 million<\/strong> at the time of the analysis. That means they had disposed of roughly <strong>76.7%<\/strong> of their combined allocation.<\/p>\n<div>\n<table>\n<thead>\n<tr>\n<th>Airdrop metric<\/th>\n<th>Reported figure<\/th>\n<th>Interpretation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Total distributed<\/td>\n<td>67.38M ANSEM<\/td>\n<td>A significant transfer from a highly concentrated supply.<\/td>\n<\/tr>\n<tr>\n<td>Recipient addresses<\/td>\n<td>700+<\/td>\n<td>Addresses do not necessarily equal unique people.<\/td>\n<\/tr>\n<tr>\n<td>Sent to seven addresses<\/td>\n<td>49.89M ANSEM<\/td>\n<td>Approximately 74% of the reported total.<\/td>\n<\/tr>\n<tr>\n<td>Sold by those addresses<\/td>\n<td>38.29M ANSEM<\/td>\n<td>Approximately 76.7% of their combined allocation.<\/td>\n<\/tr>\n<tr>\n<td>Remaining with those addresses<\/td>\n<td>11.6M ANSEM<\/td>\n<td>A point-in-time balance that can change at any moment.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Selling a freely distributed token is not wrongdoing. Recipients were generally entitled to dispose of their allocations. The data instead demonstrates that an airdrop can broaden the holder list while still concentrating much of the economic value among a small group.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6923\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Black-Bulls-LP-Pods-infrastructure-or-a-frontend-for-existing-pools.png\" alt=\"Black Bull\u2019s LP Pods infrastructure or a frontend for existing pools\" width=\"1672\" height=\"941\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Black-Bulls-LP-Pods-infrastructure-or-a-frontend-for-existing-pools.png 1672w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Black-Bulls-LP-Pods-infrastructure-or-a-frontend-for-existing-pools-300x169.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Black-Bulls-LP-Pods-infrastructure-or-a-frontend-for-existing-pools-1024x576.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Black-Bulls-LP-Pods-infrastructure-or-a-frontend-for-existing-pools-768x432.png 768w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Black-Bulls-LP-Pods-infrastructure-or-a-frontend-for-existing-pools-1536x864.png 1536w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><\/p>\n<h2>Black Bull\u2019s LP Pods: infrastructure or a frontend for existing pools?<\/h2>\n<p>The Black Bull describes Bull LP Pods as simplified ways for users to supply liquidity to ANSEM and selected creator-token pools. An exchange-published explainer describes single-sided deposits, automatic position management and exposure to pools hosted on PumpSwap or Meteora.<\/p>\n<p>The part of this thesis I can verify is that several pools exist:<\/p>\n<ul>\n<li>A main <a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/6e7V9eegCHw997T72MxgwwJipZ6GJyZF8NvjkzT1rvpN\" target=\"_blank\" rel=\"noopener noreferrer\">ANSEM\/SOL Meteora pool<\/a><\/li>\n<li>A large <a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/FnzKY6x7entQ1eR3D225dQyT7ybfka4PskBMQhb8L3CC\" target=\"_blank\" rel=\"noopener noreferrer\">ANSEM\/SOL PumpSwap pool<\/a><\/li>\n<li>An <a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/BetLT47eFXDZnjM1cmZhQ4oNJkYaPZYH5yv6atfPfAri\" target=\"_blank\" rel=\"noopener noreferrer\">ANSEM\/USDC Meteora pool<\/a><\/li>\n<\/ul>\n<p>The part I still cannot verify is whether Bull LP Pods depend on proprietary audited contracts or simply provide a more convenient frontend for standard Meteora and PumpSwap positions. I also could not verify that trading fees flow to ANSEM holders who are not directly providing liquidity.<\/p>\n<p>At the snapshot time, GeckoTerminal reported the main Meteora pool\u2019s liquidity as unlocked, while approximately 98.82% of liquidity in the large PumpSwap pool was labelled locked. The ANSEM\/USDC Meteora pool was also shown as unlocked.<\/p>\n<p>Liquidity providers remain exposed to impermanent loss, ANSEM price volatility, pool-range management, smart-contract risk and the possibility of withdrawing less valuable assets than they supplied. A simplified interface does not remove these risks.<\/p>\n<p>CryptoLinks maintains independent directories covering <a href=\"https:\/\/cryptolinks.com\/defi-dex-token-swap\">decentralized token exchanges<\/a> and <a href=\"https:\/\/cryptolinks.com\/on-chain-analytics-tools\">on-chain analytics tools<\/a> for readers who want to inspect pools directly.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6925\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/How-much-real-liquidity-supports-ANSEMs-valuation.png\" alt=\"How much real liquidity supports ANSEM\u2019s valuation\" width=\"1672\" height=\"941\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/How-much-real-liquidity-supports-ANSEMs-valuation.png 1672w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/How-much-real-liquidity-supports-ANSEMs-valuation-300x169.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/How-much-real-liquidity-supports-ANSEMs-valuation-1024x576.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/How-much-real-liquidity-supports-ANSEMs-valuation-768x432.png 768w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/How-much-real-liquidity-supports-ANSEMs-valuation-1536x864.png 1536w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><\/p>\n<h2>How much real liquidity supports ANSEM\u2019s valuation?<\/h2>\n<p>The main Meteora pool contained approximately <strong>$3.56 million<\/strong> in liquidity and processed about <strong>$40.95 million<\/strong> in 24-hour volume. CoinGecko showed approximately <strong>$71,800 of +2% depth<\/strong> and <strong>$71,600 of -2% depth<\/strong> for this market.<\/p>\n<div>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Current figure<\/th>\n<th>What it means<\/th>\n<th>What it does not prove<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Circulating market cap<\/td>\n<td>Approximately $141.5M<\/td>\n<td>Estimated value of circulating supply.<\/td>\n<td>Capital deposited into ANSEM.<\/td>\n<\/tr>\n<tr>\n<td>FDV<\/td>\n<td>Approximately $340.28M<\/td>\n<td>Value if almost the entire supply is included.<\/td>\n<td>Achievable exit value for all holders.<\/td>\n<\/tr>\n<tr>\n<td>Aggregate 24-hour volume<\/td>\n<td>Approximately $103M\u2013$108M<\/td>\n<td>High trading turnover across tracked markets.<\/td>\n<td>Equivalent net buying or adoption.<\/td>\n<\/tr>\n<tr>\n<td>Main-pool volume<\/td>\n<td>Approximately $40.95M<\/td>\n<td>Strong activity in one Meteora pool.<\/td>\n<td>Independent organic users or lasting demand.<\/td>\n<\/tr>\n<tr>\n<td>Main-pool liquidity<\/td>\n<td>Approximately $3.56M<\/td>\n<td>Assets available inside the pool.<\/td>\n<td>Deep liquidity at every possible price.<\/td>\n<\/tr>\n<tr>\n<td>Main-pool +2% \/ -2% depth<\/td>\n<td>Approximately $71.8K \/ $71.6K<\/td>\n<td>Indicative liquidity close to the current price.<\/td>\n<td>Price stability during a large liquidation.<\/td>\n<\/tr>\n<tr>\n<td>Largest-wallet share<\/td>\n<td>58.43%<\/td>\n<td>Extremely concentrated ownership.<\/td>\n<td>Proof that the holder intends to sell.<\/td>\n<\/tr>\n<tr>\n<td>Holder addresses<\/td>\n<td>Approximately 108.1K\u2013108.3K<\/td>\n<td>Broad distribution across blockchain addresses.<\/td>\n<td>The same number of unique or committed holders.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The resulting ratios are revealing:<\/p>\n<ul>\n<li><strong>Liquidity-to-circulating-market-cap ratio:<\/strong> approximately 2.52%<\/li>\n<li><strong>Liquidity-to-FDV ratio:<\/strong> approximately 1.05%<\/li>\n<li><strong>Main-pool volume-to-liquidity ratio:<\/strong> approximately 11.49 times<\/li>\n<li><strong>Aggregate volume-to-market-cap ratio:<\/strong> approximately 0.73 times<\/li>\n<\/ul>\n<p>High turnover can reflect genuine interest, arbitrage or speculative churn. It does not automatically mean deep or durable liquidity. CoinGecko also flagged anomalies on several ANSEM markets, so reported volume should not be accepted as a perfect measure of independent demand.<\/p>\n<p>What stands out to me is the gap between headline valuation and executable liquidity. Even when several pools are added together, a large holder cannot assume that the current displayed price would survive a substantial liquidation.<\/p>\n<h2>One wallet still controls a major share of the supply<\/h2>\n<p>The wallet labelled <strong>ansemconzimp<\/strong> on GeckoTerminal held approximately <strong>584.28 million ANSEM<\/strong>, equal to around <strong>58.43% of total supply<\/strong>.<\/p>\n<div>\n<table>\n<thead>\n<tr>\n<th>Wallet or label<\/th>\n<th>ANSEM balance<\/th>\n<th>Share of total supply<\/th>\n<th>Known role<\/th>\n<th>Circulating classification<\/th>\n<th>Main risk<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>ansemconzimp \/ GV6UUm\u2026VdC52<\/td>\n<td>584.28M<\/td>\n<td>58.43%<\/td>\n<td>Associated publicly with Ansem<\/td>\n<td>Excluded from CoinGecko and CMC estimated circulation<\/td>\n<td>Supply concentration and public-figure dependence<\/td>\n<\/tr>\n<tr>\n<td>Main Meteora pool<\/td>\n<td>Approximately 2.48M pooled ANSEM<\/td>\n<td>Approximately 0.25%<\/td>\n<td>DEX liquidity<\/td>\n<td>Circulating pool inventory<\/td>\n<td>Liquidity can change or be withdrawn<\/td>\n<\/tr>\n<tr>\n<td>PumpSwap pool<\/td>\n<td>Dynamic<\/td>\n<td>Dynamic<\/td>\n<td>DEX liquidity<\/td>\n<td>Circulating pool inventory<\/td>\n<td>Pool and liquidity-provider control risk<\/td>\n<\/tr>\n<tr>\n<td>Other large holders<\/td>\n<td>Not fully verified<\/td>\n<td>Not fully verified<\/td>\n<td>Exchanges, pools or unlabeled wallets may be included<\/td>\n<td>Requires wallet-by-wallet classification<\/td>\n<td>Unknown concentration beyond the largest wallet<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>A large wallet does not prove an intention to sell. It nevertheless changes how I read the circulating-supply figure. Most of the difference between ANSEM\u2019s FDV and circulating market cap rests on one wallet being classified as non-circulating.<\/p>\n<p>That concentration also affects the credibility of decentralized-governance claims, potential future airdrop capacity, dependency on one public figure and the amount of supply that could eventually reach the market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6924\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Bull-Index-live-or-still-a-roadmap-concept.png\" alt=\"Bull Index live or still a roadmap concept\" width=\"1672\" height=\"941\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Bull-Index-live-or-still-a-roadmap-concept.png 1672w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Bull-Index-live-or-still-a-roadmap-concept-300x169.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Bull-Index-live-or-still-a-roadmap-concept-1024x576.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Bull-Index-live-or-still-a-roadmap-concept-768x432.png 768w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/Bull-Index-live-or-still-a-roadmap-concept-1536x864.png 1536w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><\/p>\n<h2>Is the Bull Index live or still a roadmap concept?<\/h2>\n<p>The Black Bull narrative extends beyond liquidity pools to a proposed on-chain index of tokens connected with Ansem\u2019s community or creator ecosystem.<\/p>\n<p>I could not independently verify an operational index contract with published:<\/p>\n<ul>\n<li>Constituent assets and weights<\/li>\n<li>Rebalancing rules<\/li>\n<li>Custody structure<\/li>\n<li>Governance process<\/li>\n<li>Fee schedule<\/li>\n<li>Redeemable index token<\/li>\n<li>Smart-contract addresses<\/li>\n<li>Independent audit<\/li>\n<\/ul>\n<p>Without those elements, I would describe Bull Index as an announced concept or roadmap product\u2014not an established on-chain index.<\/p>\n<p>The same caution applies to the project\u2019s Radar and meme terminal. A data dashboard or browser-based meme tool may be useful for engagement, but neither becomes financial infrastructure merely because it appears on the same website.<\/p>\n<div>\n<table>\n<thead>\n<tr>\n<th>Claimed component<\/th>\n<th>Live?<\/th>\n<th>Verifiable on-chain?<\/th>\n<th>Who controls it?<\/th>\n<th>Revenue or fee flow<\/th>\n<th>Assessment<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>LP Pods<\/td>\n<td>Partially<\/td>\n<td>Underlying pools are verifiable<\/td>\n<td>DEX contracts and unidentified interface operators<\/td>\n<td>LP fees; broader flow unverified<\/td>\n<td>Interface over third-party infrastructure<\/td>\n<\/tr>\n<tr>\n<td>Bull Index<\/td>\n<td>Not independently verified<\/td>\n<td>No operational contract identified<\/td>\n<td>Unclear<\/td>\n<td>Unverified<\/td>\n<td>Announced or roadmap only<\/td>\n<\/tr>\n<tr>\n<td>Radar<\/td>\n<td>Described as available<\/td>\n<td>No proprietary contract verified<\/td>\n<td>Website operators<\/td>\n<td>Unverified<\/td>\n<td>Data or promotional interface<\/td>\n<\/tr>\n<tr>\n<td>Meme terminal<\/td>\n<td>Described as available<\/td>\n<td>Not a financial contract<\/td>\n<td>Website operators<\/td>\n<td>Unverified<\/td>\n<td>Engagement tool<\/td>\n<\/tr>\n<tr>\n<td>Creator-fee distributions<\/td>\n<td>Yes<\/td>\n<td>Transfers are observable<\/td>\n<td>Distributing wallets<\/td>\n<td>Discretionary token distributions<\/td>\n<td>Operational experiment<\/td>\n<\/tr>\n<tr>\n<td>Governance<\/td>\n<td>No formal system identified<\/td>\n<td>No governance contract found<\/td>\n<td>Unclear<\/td>\n<td>None verified<\/td>\n<td>Unverified<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6927\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/The-strongest-case-that-ANSEM-remains-speculative-hyp.png\" alt=\"The strongest case that ANSEM remains speculative hyp\" width=\"1672\" height=\"941\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/The-strongest-case-that-ANSEM-remains-speculative-hyp.png 1672w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/The-strongest-case-that-ANSEM-remains-speculative-hyp-300x169.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/The-strongest-case-that-ANSEM-remains-speculative-hyp-1024x576.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/The-strongest-case-that-ANSEM-remains-speculative-hyp-768x432.png 768w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/The-strongest-case-that-ANSEM-remains-speculative-hyp-1536x864.png 1536w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><\/h2>\n<h2>The strongest case for the Black Bull experiment<\/h2>\n<p>The constructive case is that ANSEM is testing a different relationship between creator attention and token economics.<\/p>\n<p>The token has transparent on-chain transfers, disabled mint and freeze authorities, meaningful DEX activity, more than 100,000 holder addresses and several functioning trading pools. Creator-fee distributions are observable rather than being confined to a private rewards program. There also appears to be no conventional venture-unlock schedule hanging over the token.<\/p>\n<p>If community members voluntarily provide lasting liquidity and creator fees continue to circulate back to participants, ANSEM could become a useful case study for creator-led on-chain economies.<\/p>\n<h2>The strongest case that ANSEM remains speculative hype<\/h2>\n<p>The bearish interpretation starts with concentration. One wallet controls more than half of total supply, while main-pool liquidity equals only about 1% of FDV.<\/p>\n<p>GeckoTerminal\u2019s automated assessment also reported that approximately <strong>79.25% of tokens had been purchased through bundled buys<\/strong>. Its token-security score was around <strong>39.6 to 42.2 out of 100<\/strong>, depending on the pool. These automated labels are warning indicators, not proof of manipulation or fraud.<\/p>\n<p>Other risks include:<\/p>\n<ul>\n<li>Anonymous or unclear development control<\/li>\n<li>Dependence on Ansem\u2019s continued attention<\/li>\n<li>A major difference between FDV and circulating market cap<\/li>\n<li>Liquidity that remains small relative to valuation<\/li>\n<li>Unlocked liquidity in important Meteora pools<\/li>\n<li>Bundled-launch indicators<\/li>\n<li>No verified proprietary smart-contract audit<\/li>\n<li>Impermanent-loss risk for liquidity providers<\/li>\n<li>Airdrop recipients selling distributed tokens<\/li>\n<li>Copycat contracts and fake airdrop websites<\/li>\n<li>Speculative volume being mistaken for adoption<\/li>\n<li>Centralized-exchange and derivatives leverage<\/li>\n<li>Possible loss of attention if creator-fee distributions stop<\/li>\n<li>No guaranteed legal claim on project revenue or fees<\/li>\n<li>The possibility that infrastructure branding followed the token\u2019s speculative success<\/li>\n<\/ul>\n<p>ANSEM holders do not have an automatically verified legal claim on website revenue, creator fees or trading fees simply because they own the token.<\/p>\n<p>Readers should verify token authorities, holders and pool status with independent <a href=\"https:\/\/cryptolinks.com\/lp-security\">token and liquidity security scanners<\/a> rather than relying solely on a project dashboard.<\/p>\n<h2>Three measurable outcomes to watch next<\/h2>\n<h3>Scenario A: The liquidity layer becomes useful<\/h3>\n<p>Evidence for this outcome would include rising liquidity relative to FDV, multiple independently funded pools, transparent fee routing, audited pod contracts, persistent third-party liquidity-provider participation and a fully documented Bull Index with verifiable custody and redemption.<\/p>\n<h3>Scenario B: ANSEM remains a successful but primarily speculative memecoin<\/h3>\n<p>Volume, social engagement and exchange activity could remain high even if the index never becomes operational. In that case, LP Pods may function mainly as convenient interfaces supporting an attention-driven token rather than a broader creator-liquidity network.<\/p>\n<h3>Scenario C: Attention and liquidity unwind together<\/h3>\n<p>Declining creator activity, recipient selling, withdrawals by major liquidity providers or transfers from the largest wallet could reduce market depth quickly. Because liquidity is small relative to FDV, lower prices could produce further withdrawals and forced selling.<\/p>\n<p><strong>These are scenarios, not price predictions.<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6926\" src=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/My-conclusion-attention-is-real-but-infrastructure-must-still-prove-itself.png\" alt=\"My conclusion attention is real, but infrastructure must still prove itself\" width=\"1536\" height=\"1024\" srcset=\"https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/My-conclusion-attention-is-real-but-infrastructure-must-still-prove-itself.png 1536w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/My-conclusion-attention-is-real-but-infrastructure-must-still-prove-itself-300x200.png 300w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/My-conclusion-attention-is-real-but-infrastructure-must-still-prove-itself-1024x683.png 1024w, https:\/\/cryptolinks.com\/news\/wp-content\/uploads\/2026\/07\/My-conclusion-attention-is-real-but-infrastructure-must-still-prove-itself-768x512.png 768w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/p>\n<h2>My conclusion: attention is real, but infrastructure must still prove itself<\/h2>\n<p>I see a genuinely interesting distribution experiment in ANSEM. Creator-fee transfers, live pools and substantial trading activity are measurable. Calling the whole project a functioning liquidity protocol, however, goes beyond what I could independently verify.<\/p>\n<p>For me, the infrastructure claim depends on who ultimately owns the liquidity, whether liquidity-provider participation survives a decline in attention, where fees actually flow and whether Bull Index becomes an audited, transparent product.<\/p>\n<p>Until then, ANSEM is best understood as a highly concentrated Solana memecoin testing creator-led distributions and third-party liquidity interfaces\u2014not as proven community-controlled financial infrastructure.<\/p>\n<div>\n<p><strong>Verify the contract before trading:<\/strong><\/p>\n<p><code>9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump<\/code><\/p>\n<p>Do not rely on the name, ticker, logo, search advertisement or an unsolicited airdrop website. Never approve an unfamiliar wallet signature merely to check eligibility.<\/p>\n<\/div>\n<h2>Frequently asked questions<\/h2>\n<h3>What is ANSEM coin?<\/h3>\n<p><strong>ANSEM is a Solana SPL token launched through Pump.fun and branded as The Black Bull.<\/strong> It combines a memecoin, creator-fee distributions and claimed liquidity tools built around PumpSwap and Meteora pools.<\/p>\n<h3>Did ANSEM really cross a $300 million market cap?<\/h3>\n<p><strong>It crossed a $300 million-plus fully diluted valuation, not a verified $300 million circulating market cap.<\/strong> At the July 4 snapshot, the estimated circulating market cap was approximately $141 million to $148 million.<\/p>\n<h3>What is the official ANSEM contract address?<\/h3>\n<p><strong>The researched contract is <code>9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump<\/code>.<\/strong> Verify the complete address rather than trusting the ticker, token name or logo.<\/p>\n<h3>Did the trader Ansem create the token?<\/h3>\n<p><strong>The available evidence says no.<\/strong> An anonymous deployer launched it, after which a substantial amount was transferred to a wallet associated with Ansem. His later involvement does not make him the original deployer.<\/p>\n<h3>Is ANSEM officially affiliated with Ansem?<\/h3>\n<p><strong>ANSEM is closely associated with Ansem through public engagement, token ownership and creator-fee distributions.<\/strong> That does not independently prove that he formally owns the entire project, website, development operation or roadmap.<\/p>\n<h3>How do ANSEM creator-fee airdrops work?<\/h3>\n<p><strong>Tokens have been distributed from large wallets to selected addresses, reportedly using creator-fee proceeds and existing holdings.<\/strong> The transfers are observable, but I found no immutable rule guaranteeing who receives tokens or when future distributions occur.<\/p>\n<h3>What are Black Bull LP Pods?<\/h3>\n<p><strong>They are presented as simplified interfaces for supplying liquidity to selected ANSEM and creator-token pools.<\/strong> The underlying PumpSwap and Meteora pools exist, but proprietary audited pod contracts and fee flows to ordinary ANSEM holders were not independently verified.<\/p>\n<h3>How much liquidity does ANSEM have?<\/h3>\n<p><strong>The main Meteora pool held approximately $3.56 million at the snapshot time.<\/strong> Additional PumpSwap and smaller Meteora pools increased total available liquidity, but the main-pool amount equalled only about 1.05% of FDV.<\/p>\n<h3>Who owns the largest ANSEM wallet?<\/h3>\n<p><strong>The largest identified wallet was publicly associated with Ansem and held approximately 584.28 million tokens.<\/strong> A public label is an association rather than definitive legal proof of who controls a wallet.<\/p>\n<h3>Is The Black Bull building real infrastructure?<\/h3>\n<p><strong>Some underlying components are real, but the broader infrastructure claim remains only partially verified.<\/strong> ANSEM pools and creator-fee transfers are observable. A proprietary audited LP system, operational Bull Index and formal governance structure were not independently confirmed.<\/p>\n<h3>Is ANSEM safe?<\/h3>\n<p><strong>Disabled mint and freeze authorities remove only two potential contract risks.<\/strong> ANSEM still carries large-holder concentration, liquidity, market, bundled-launch, liquidity-provider, derivatives, copycat-token and phishing risks.<\/p>\n<h3>Where is ANSEM traded?<\/h3>\n<p><strong>ANSEM is traded through Solana decentralized exchanges and several tracked centralized markets.<\/strong> Important on-chain venues include Meteora and PumpSwap. Readers should always confirm that an exchange or pool uses the exact verified contract.<\/p>\n<hr \/>\n<aside>\n<h2>Sources and methodology<\/h2>\n<p>CryptoLinks captured market data between 13:31 and 13:45 UTC on July 4, 2026. CoinGecko, CoinMarketCap, GeckoTerminal, Pump.fun and direct pool pages were compared. Price-dependent values differed because the pages refreshed at different times.<\/p>\n<p>The exact ANSEM contract address was used across all sources. Pool addresses, liquidity, pool volume, token-authority status and the largest-holder balance were checked through GeckoTerminal and linked Solana records. Wallet ownership labels are treated as associations, not legal proof of ownership.<\/p>\n<p>Statements about LP Pods, Radar, the meme terminal and Bull Index were treated as project or exchange-published claims unless a live contract or pool independently supported them.<\/p>\n<p>Distribution figures were based on Lookonchain wallet analysis and related public reporting. Recipient addresses were not assumed to equal unique individuals. Sales by airdrop recipients were not characterized as misconduct.<\/p>\n<p>GeckoTerminal scores, bundled-buy labels and liquidity-lock indicators are automated assessments. They are warnings or analytical signals, not definitive proof that a token is safe, fraudulent or manipulated.<\/p>\n<ul>\n<li><a href=\"https:\/\/pump.fun\/coin\/9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump\" target=\"_blank\" rel=\"noopener noreferrer\">Official Pump.fun ANSEM page<\/a><\/li>\n<li><a href=\"https:\/\/solscan.io\/token\/9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump\" target=\"_blank\" rel=\"noopener noreferrer\">ANSEM on Solscan<\/a><\/li>\n<li><a href=\"https:\/\/www.coingecko.com\/en\/coins\/the-black-bull\" target=\"_blank\" rel=\"noopener noreferrer\">The Black Bull on CoinGecko<\/a><\/li>\n<li><a href=\"https:\/\/coinmarketcap.com\/currencies\/the-black-bull\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Black Bull on CoinMarketCap<\/a><\/li>\n<li><a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/6e7V9eegCHw997T72MxgwwJipZ6GJyZF8NvjkzT1rvpN\" target=\"_blank\" rel=\"noopener noreferrer\">Main ANSEM\/SOL Meteora pool<\/a><\/li>\n<li><a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/FnzKY6x7entQ1eR3D225dQyT7ybfka4PskBMQhb8L3CC\" target=\"_blank\" rel=\"noopener noreferrer\">Main ANSEM\/SOL PumpSwap pool<\/a><\/li>\n<li><a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/BetLT47eFXDZnjM1cmZhQ4oNJkYaPZYH5yv6atfPfAri\" target=\"_blank\" rel=\"noopener noreferrer\">ANSEM\/USDC Meteora pool<\/a><\/li>\n<li><a href=\"https:\/\/www.lookonchain.com\/feeds\/62497\" target=\"_blank\" rel=\"noopener noreferrer\">Lookonchain ANSEM distribution analysis<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/blknoiz06\/status\/2070871430191800832\" target=\"_blank\" rel=\"noopener noreferrer\">Ansem creator-fee distribution post<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/blknoiz06\/status\/2072668454725820842\" target=\"_blank\" rel=\"noopener noreferrer\">Ansem holder-distribution post<\/a><\/li>\n<li><a href=\"https:\/\/bingx.com\/en\/learn\/article\/what-is-the-black-bull-ansem-liquidity-for-solana-creator-ecosystem-how-it-works\" target=\"_blank\" rel=\"noopener noreferrer\">BingX Black Bull explainer<\/a><\/li>\n<li><a href=\"https:\/\/bravenewcoin.com\/insights\/ansems-ansem-gamble-can-one-traders-stimmy-for-the-trenches-reignite-solanas-memecoin-machine\" target=\"_blank\" rel=\"noopener noreferrer\">Brave New Coin ANSEM analysis<\/a><\/li>\n<\/ul>\n<\/aside>\n<p><em>This article is for informational purposes only and does not constitute financial, investment, legal or tax advice. Cryptocurrency tokens can lose most or all of their value, and on-chain transactions are generally irreversible.<\/em><\/p>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>The Black Bull\u2019s ANSEM coin reached an estimated fully diluted valuation of approximately $340 million to $356 million as trading volume and creator-fee distributions drew attention across Solana. Its circulating market cap was considerably lower, however, and the larger unresolved question is whether Black Bull\u2019s LP Pods and proposed index amount to durable liquidity infrastructure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/posts\/6907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/comments?post=6907"}],"version-history":[{"count":6,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/posts\/6907\/revisions"}],"predecessor-version":[{"id":6931,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/posts\/6907\/revisions\/6931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/media\/6920"}],"wp:attachment":[{"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/media?parent=6907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/categories?post=6907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptolinks.com\/news\/wp-json\/wp\/v2\/tags?post=6907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}