ME News reports that on September 2 (UTC+8), according to Bubblemaps monitoring, the Trump-themed meme token CHUMP on Robinhood Chain appears to have been manipulated. Prior to the token’s surge, more than 75 newly created wallets received synchronized fund transfers in a concentrated time window around August 8, with no prior activity history. These wallets received similar amounts of SOL and collectively purchased approximately 80% of CHUMP’s total supply, with multiple wallets making purchases within minutes of each other, followed by a 66-fold price increase. Bubblemaps noted that these address clusters attempted to obscure the origin of funds by routing sales through another set of newly created wallets using Uniswap. All related wallets initially received funding via Relay approximately 25 days ago. It remains unclear who controls these tokens, but the similarity in funding patterns and operational characteristics suggests they may be controlled by a single entity—users are advised to remain cautious. (Source: Foresight News)
Bubblemaps: 80% of CHUMP Token Supply Likely Controlled by a Single Entity
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Summary
Bubblemaps flagged CHUMP as an altcoin to watch after on-chain data revealed that 80% of the token supply on the Robinhood Chain may be controlled by a single entity. Over 75 newly created wallets, with no prior activity, received SOL deposits around August 8 and subsequently purchased the majority of the supply. Several wallets made purchases minutes before the token surged 66-fold. Although Uniswap and Relay were used to obscure origins, patterns suggest a single actor. Users are advised to remain cautious.
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