Analysis indicates 70% of BULLISH supply concentrated in wallets funded from Binance before launch, with FDV rising to $40M amid rapid post-listing buys.
Bubblemaps reports that 70% of BULLISH token supply is concentrated in newly funded wallets linked to Binance deposits. Between September 13 and 24, over 150 wallets sent funds to new addresses via SOL and purchased the token within 30 minutes after its October 2 launch. The token’s fully diluted valuation rose to $40 million, with the case forwarded to Bubblemaps’ Intel Desk for a community vote amid concerns of potential market manipulation.