Bubblemaps flags about 80% CHUMP concentration in bundled addresses

  • Bubblemaps flagged concentrated CHUMP ownership across bundled addresses.
  • More than 75 inactive wallets received similar SOL amounts before buying about 80% of CHUMP.
  • Bubblemaps said the controller remains unclear and advised investors to participate cautiously.

About 80% of CHUMP, a Solana-based Trump parody memecoin (crypto token inspired by internet memes), was concentrated in bundled addresses, Bubblemaps said. The project was promoted by multiple crypto Twitter key opinion leaders. On-chain data showed that more than 75 new wallets received similar amounts of SOL shortly before CHUMP’s sharp rise and then bought about 80% of the token supply. Those wallets had no previous on-chain activity, while their funds moved through multiple newly created addresses, Uniswap transactions and Relay. Bubblemaps said the actual controller of the token remains unclear, but the similar funding sources and trading patterns suggest possible control by a single entity. It urged investors to participate cautiously.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.