The $ANSEM Memecoin Hit a $99M Market Cap With Just 1,455 Holders and $1.2M of Liquidity

The $ANSEM memecoin is the trade of the week on Solana, and its flagship token, branded The Black Bull, briefly pushed a market cap near 99 million dollars. The price posts and screenshots are everywhere. What almost none of them show is the on-chain reality underneath that number. We pulled the live data from the DEXTools API on June 29, 2026, and it tells a very different story than a 99 million dollar valuation suggests.

Ansem did not launch it, but he is now backing it

An important clarification, because it has changed since the token first appeared. The Black Bull was deployed by an anonymous developer, not by Ansem, and a large share of the supply was airdropped to his public wallet rather than created by him. He initially kept his distance from the wave of $ANSEM copycats. He has since embraced this one. Rather than launch a personal token to sell, Ansem began collecting the token's launchpad creator fees, reported in the area of 378,000 dollars, and airdropping portions of them back to the community on a weekly basis, telling followers, as reported, that he would "airdrop portions of the creator fees." That backing is a large part of why the token ran. It is also why the concentration and liquidity picture below matters so much, because the token's fate is tied tightly to one person's continued attention.

A 99 million dollar market cap held by 1,455 wallets

The first number that stands out is the holder count. A token valued near 99 million dollars is held, on-chain, by just 1,455 wallets. That works out to an average of roughly 68,000 dollars of market cap per holder, an extraordinarily narrow base for a token at this valuation. For comparison, established tokens at a similar market cap typically count holders in the tens or hundreds of thousands. A thin holder base means the price is set by a small number of wallets, and it can move violently when any of them act.

The concentration runs deeper than the count. Multiple outlets have reported that the anonymous deployer airdropped a large share of the supply, figures cited in the area of 65 percent, to Ansem's public wallet, which is how he ended up holding a position reported in the tens of millions of dollars without deploying the token himself. We cannot independently confirm the exact percentage from token metadata, but our holder data is consistent with a highly concentrated distribution. For why wallet counts matter and how they mislead, see our guides on holder count versus quality, what the first 100 wallets reveal, and insider allocation.

The market cap is mostly paper

Here is the number that reframes everything. That market cap near 99 million dollars sits on top of roughly 1.2 million dollars of liquidity in the token's main pool on PumpSwap. In other words, the headline valuation is about 80 times the actual money in the pool that backs it.

Market cap is just price multiplied by supply, so a near-empty order book and a thin pool can still print a giant headline number. What it cannot do is let holders exit at that price. With roughly 1.2 million dollars of depth, even a small fraction of holders selling would move the price sharply. This is the textbook profile of what traders call a ghost market cap: a large valuation that almost no one could actually realize. Size any position against the liquidity, not the market cap.

The full on-chain snapshot

The contract is clean. That is not where the risk is

It would be easy to assume a token like this is a coded scam. The data says otherwise. The Black Bull carries a DEXT Score of 99 out of 100, and its audit comes back clean: the contract is open source, ownership is renounced, the token is not mintable, the trade tax is not modifiable, it is not blacklisted, and it does not behave like a honeypot. In plain terms, the code does what a standard launchpad token does, and it passes the automated safety checks. You can run any token through the same checks yourself with our Token Safety Checker, and our guide explains what the DEXT Score measures.

The point is that a clean contract and a high score are necessary, not sufficient. They tell you the token is unlikely to trap your funds by code. They tell you nothing about whether a 99 million dollar valuation backed by 1.2 million dollars of liquidity and 1,455 holders is sustainable. The real risks here are concentration, thin liquidity relative to the headline number, total dependence on one influencer's attention, and the genuine confusion created by a cluster of same-named tokens. None of those show up in an audit.

If you are looking at it, check these first

This is one of the most speculative corners of the market, and the responsible checklist is short. Verify the exact contract address against a trusted source, because copycats with the same ticker are circulating. Judge the token by its liquidity and holder base, not by the market cap headline. Assume that in a thin pool you may be exit liquidity for earlier and larger holders. And remember that a token built on borrowed attention can fade as fast as it ran. Our anti-rug playbook and rug-pull checklist cover the workflow.

Methodology and disclaimer: on-chain figures (market cap, holders, liquidity, DEXT Score, audit, price) are a live snapshot pulled from the DEXTools API on June 29, 2026 for contract 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump, and they change continuously. Supply-distribution percentages, creator-fee figures, and Ansem's statements are as reported by third-party outlets and are not independently confirmed from token metadata. Ansem deployed none of the $ANSEM tokens himself; after initially distancing himself he has since backed The Black Bull, collecting and redistributing its creator fees to the community. Nothing here is an endorsement of the token. This article is for information only and is not financial advice. Memecoins are extremely high risk and you can lose your entire position.