ANSEM token surges 40% to $140M market cap

A cryptocurrency named after prominent crypto influencer Ansem has surged to a market capitalization exceeding $140 million, fueled by a dramatic single-day price increase of over 40% on June 29, 2026. The token, called ANSEM, operates on the Solana blockchain and saw its valuation skyrocket from approximately $4 million to over $97 million in roughly 11 days.

On-chain data indicates that the influencer, whose real name is Zion Thomas, holds a significant portion of the token's supply. One wallet associated with Ansem contains approximately 586 to 604 million ANSEM tokens, valued between $71 million and $73.6 million at the peak. This represents about 65% of the token's total capped supply of one billion.

Analysts report that the token was not launched by Ansem himself but by independent developers who named it in his honor. According to on-chain intelligence firms, the wallet that deployed the token transferred 650 million tokens to Ansem's wallet for free and sold a smaller portion for an $11,800 profit, netting only about $5,500. Analysts have suggested this arrangement indicates a pre-arranged promotion deal, raising concerns about market manipulation due to the highly...