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Alert! A certain Meme coin project suspected of insider trading, Wallet 68 preemptively accumulates 47% of the tokens
【ChainWen】An interesting phenomenon. The recently popular Meme coin ATLAS (the project originating from a well-known personality’s pet dog) has been quite lively on social media thanks to KOL promotion, but data from on-chain analysis platforms is a bit sobering—
Monitoring has detected 68 suspicious wallets. These wallets have zero on-chain transaction records but used ChangeNow to uniformly purchase ATLAS tokens before the project launch. Now? These 68 wallets collectively hold 47% of the token supply, with a market value of about $1 million.
This method of operation immediately smells like insider trading. Wallets with no activity, unified funding channels, early positioning before the project launch—each link points to the same possibility: someone knew the information in advance.
A reminder to newcomers or friends interested in Meme coins: projects that look lively often have on-chain data that is the least deceptive. If you encounter projects with abnormally high concentration of supply or exaggerated whale holdings, turn around and walk away—there’s no need to gamble.