ATLAS Sniping Suspicion: 68 New Wallets Snatch 47% of the Supply, What Does This Operation Imply?

Question

【Blockchain Rhythm】Recently, there is a phenomenon worth noting. A well-known Twitter account has once again promoted the Meme coin ATLAS, which saw its intraday price double, indicating high popularity. But a deeper look into the transaction chain reveals some interesting details.

According to on-chain data, around the time ATLAS was launched, 68 wallets quickly obtained funds through the ChangeNow platform. These wallets are characterized by: almost no prior on-chain activity records, and they received nearly identical amounts of ETH in a short period, then collectively targeted ATLAS. As a result, these 68 addresses now hold 47% of the ATLAS supply, worth approximately $1 million.

In other words, the behavior pattern of these wallets is highly consistent—fundraising → targeting → capturing a large share of circulating supply. Although JD Vance’s pet dog meme indeed increased the project’s visibility, this launch method and concentration of holdings raise some questions. Is the project team intentionally manipulating distribution, or are certain institutions quickly building positions by leveraging IP hype? This warrants ongoing attention.

In summary, the popularity of Meme coins can easily attract attention, but details like the holding structure often reveal clues. When researching new projects, it’s helpful to consider the logic behind wallet addresses.

airdrop_whisperer · Accepted Answer

Coming back with this again? 68 new wallets launched simultaneously, I'm already tired of this script.

A typical prelude to a rug pull, just waiting to be explicitly stated.

47% of the circulating supply is in a group of ghost wallets. Who believes this isn't just preparing for a dump?

Using the pet dog meme to whitewash this kind of operation? That's hilarious.

SatoshiHeir · Answer

It should be pointed out that the behavior patterns of these 68 wallets almost completely replicate the ICO scam script of 2017, just with a different blockchain shell. On-chain data indicates that this is not really a sniping operation, but a carefully designed market maker's accumulation scheme. Ironically, we are still paying for dog memes, and it's truly not funny.

DegenDreamer · Answer

Whoa, 68 new wallets directly snatched 47%, this move is too blatant, feels like playing with a big pancake

This is definitely someone orchestrating the game, and still has the nerve to talk about pet dog memes? Purely fooling retail investors

There might be some issues with ChangeNow, how can such a model not be reviewed at all

Another rug pull on the eve, judging by the scene, better stay far away

Funding → Sniping → Market manipulation, the script is already written, just waiting for retail investors to take the bait

47% held by such a small number of wallets, the ATLAS project is so small in scope

Twitter influencers promoting Meme coins, this needs to be regulated, it's too outrageous

ForumLurker · Answer

68 wallets doing the same action, this is obviously an organized dump, hilarious

Just another scheme to trap retail investors, how dare they promote such obvious concentration?

One-stop financing sniping, such old tricks haha

Can ChangeNow still be used like this? Need to analyze

Wait, 47% is held by 68 addresses, isn't this an internal market?

High topic popularity doesn't matter, if the market is bad, it has to die

NFTRegretDiary · Answer

68 wallets hold 47% of the supply, isn't this just blatantly laying out the carpet for people to step on?

It's the same old trick, people in the crypto circle have a short memory.

Funding → Sniping → Running away, the script is all worn out.

High hype? What a joke, just look at the data—it's a carefully crafted setup.

What can JD Vance's dog meme really save? Can't hide the concentration issue.

ChangeNow platform also cooperates quite well, huh.

I bet five cents there are still people FOMO-ing in right now.

This is too outrageous, so blatant and obvious.

47% is in those 68 addresses, what are retail investors even playing at?

That marketing spiel on Twitter, I can recite it all.

I've seen too many projects like this, none of them ended well.

LiquidityWitch · Answer

68 wallets hold 47% of the supply, this coordination is too outrageous, it feels like watching a carefully choreographed dance

ChangeNow funding → collective sniping, in other words, it's just internal pre-mining, the pet dog meme is eye-catching but can't hide the concentrated holdings

Another "creative" meme coin, it's obvious at a glance

This highly consistent behavior pattern, how does it seem more obvious than market manipulation...

Behind the doubled hype, it's all chips games by these new addresses, the real retail investors have long been harvested

47% held by 68 wallets, wait, isn't this just a traditional pump scheme?

Why does this routine keep happening, funding → sniping → dumping, looping repeatedly

ATLAS Sniping Suspicion: 68 New Wallets Snatch 47% of the Supply, What Does This Operation Imply?

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