2025-12-28 13:23:38

On-chain data analysis platform Bubblemaps recently uncovered an interesting phenomenon. A Meme coin project, ATLAS, was launched due to a well-known individual's pet dog, gaining quite a bit of attention and promotion on social media.

But a closer look at the on-chain data reveals some irregularities. Bubblemaps' monitoring shows that 68 wallets with no on-chain transaction records at all obtained funds through ChangeNow, and had already purchased a large amount of ATLAS tokens before the project launch.

Currently, these wallets hold a total of 47% of the supply, worth approximately $1 million. Such a high concentration of holdings, combined with these wallets accumulating large amounts before the project went live, raises suspicions of possible insider trading. For investors concerned about Meme coin risks, this kind of early abnormal on-chain activity pattern warrants caution.

ATLAS7.9%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
4
Repost
Share

Comment

0/400

just_vibin_onchain

· 5h ago

This is the old trick again, pet meme packaging + insider dumping, I knew it. --- 68 ghost wallets hold 47% of the supply, who wrote this script? --- It’s always like this, project teams eat the profits early in their circle of friends, retail investors wait to catch the bag. --- ChangeNow is washing liquidity? Bubblemaps’ recent capture is still bullish. --- So those KOLs who told me to recharge and buy ATLAS, what about now? --- Such a concentrated ratio, someone should have noticed by now. On-chain data leaves no room for hiding. --- How many people's principal can be wiped out by a $1 million dump? It’s beyond calculation. --- Tokens with only hype and no fundamentals, insider trading is nine out of ten.

View OriginalReply0

ForkTongue

· 5h ago

It's the same old trick again. It's already 2024, and you're still playing this.

View OriginalReply0

wrekt_but_learning

· 5h ago

It's the same old trick again—Dogecoin riding the hype and then insiders dumping on retail investors. Same old story.

View OriginalReply0

OnlyUpOnly

· 5h ago

Here we go again with the same routine, pet dog theme combined with insider trading, a classic pre-rug pull scenario. --- 47% of the supply is concentrated in 68 ghost wallets, how ruthless is that? --- ChangeNow’s money laundering channel is indeed effective, but on-chain data can't be hidden, and Bubblemaps caught it. --- Why is it always like this? Project teams and whales colluding together, retail investors still naively rushing in. --- The pet meme is popular, no doubt, but wallet addresses speak volumes; no one can escape the data. --- Early abnormal activity patterns are definitely worth paying attention to, but honestly, most Meme coins are like this. --- A $1 million stake is so aggressive, the project hasn't even officially started and the outcome is already decided. --- The transparency on the chain is a good thing; no dark secrets can escape. --- I just want to ask, are the creation times of these 68 wallets all roughly the same? --- Is the pet dog effect really that strong, able to attract so much capital, or is there something else behind it?

View OriginalReply0