On-chain data reveals that a wallet controlled by John Daghita, also known as 'Lick' and accused of stealing from the US government, holds 40% of the newly launched meme coin LICK on Pump.fun, raising centralization and risk concerns. Investigations link 'Lick' to wallets involved in large-scale thefts, including funds from US government seizure addresses.
On-chain data revealed a wallet tied to John "Lick" controls 40% of LICK 's supply following its Pump.fun launch.A newly launched meme coin called LICK has come under scrutiny after on-chain data linked its creation to John Daghita , also known online as “Lick,” who has been accused of stealing $40 million from the US government.
In its latest update, blockchain analytics platform Bubblemaps reported that Daghita recently launched LICK on Solana-based meme coin launchpad, Pump.fun, and has been actively live-streaming on Telegram to promote the token. According to the data shared, a single wallet linked to Daghita holds roughly 40% of the total LICK supply, which has sparked immediate centralization and risk concerns.a detailed finding connecting the “Lick” to wallets tied to large-scale suspected thefts and funds linked to US government seizure addresses. ZachXBT said his investigation stemmed from a leaked recording of a private group chat, in which a threat actor named “John” was seen screensharing wallet balances and moving millions of dollars’ worth of cryptocurrency during an argument with another actor. According to ZachXBT, the dispute escalated into “band for band,” a practice in cybercrime circles where participants attempt to prove wealth by displaying and transferring funds in real time. The investigator stated that the recording showed John controlling multiple wallets and moving significant amounts of crypto while being filmed, which allowed the wallets to be traced afterward. After analyzing the footage, the on-chain sleuth reported that the wallets displayed in the recording could be linked to more than $90 million in suspected thefts. He said that one wallet in the transaction chain received 1,066 WETH on November 20, 2025, which he traced back to a wallet that had received $24.9 million from a US government address in March 2024.ZachXBT claimed this address was connected to funds seized from the Bitfinex hack, which he previously reported on in October 2024. He further claimed that the same wallet received over $63 million in inflows from suspected victims and government seizure-related addresses during the fourth quarter of 2025, along with an additional 4,170 ETH, worth about $12.4 million at the time, originating from MEXC.John had a long history of boasting about his net worth on Telegram and shared identifiers tied to those messages, as per ZachXBT, who also added that rumors in cybercrime channels indicated the individual could be John Daghita, who was arrested in September 2025, though he acknowledged that further confirmation was needed. The investigator raised additional questions about access to seized funds, while citing that John’s father owns CMDSS, a company holding an active US Marshals Service contract related to managing forfeited crypto assets. He stressed that it remains unclear how any access may have occurred.Chayanika has been working as a financial journalist for seven years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm.
Meme Coin LICK John Daghita Pump.Fun Blockchain Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Recounting the magic of the 1985 Bears, 40 years after their Super Bowl winThere’s a million reasons why the 1985 Chicago Bears transcend time, and winning the Super Bowl is just one of them.
Read more »
40 Years Later, Vegeta Still Can’t Defeat Goku in Another Aspect of Dragon BallDragon Ball’s long-running pattern of Vegeta remaining in Goku’s shadow continues in yet another aspect that fans saw coming from miles away.
Read more »
The Day I Watched a Rocket Explode Over the Ocean 40 Years AgoIt’s been 40 years since the tragic Space Shuttle Challenger launch.
Read more »
Dear Annie: After 40 years of marriage, my in-laws still treat me like a strangerIn today’s Dear Annie column, a wife of 40 years asks if setting boundaries with in-laws who ignore her is reasonable after decades of hurt.
Read more »
Dear Annie: After 40 years, my in-laws still treat me like I don’t existI'm done attending family events where I'm ignored.
Read more »
Bay Area man sentenced to 40-years-to-life in prison for fatal Valentines Day shootingA 28-year-old Vacaville man was sentenced to 40-years-to-life in prison last week in connection with the fatal shooting of a woman on Valentines Day 2025 in Vallejo.
Read more »