Based on TechFlow, on December 28, chain analysis platform Bubblemaps posted on X that the Meme coin project ATLAS, inspired by U.S. Vice President JD Vance's pet dog, has gained promotion from some KOLs on social media. However, monitoring revealed that 68 wallets with no prior on-chain activity received funds via ChangeNow and purchased ATLAS tokens before the project launch. These wallets now hold 47% of the token supply, valued at $1 million, raising suspicions of insider trading.
Bubblemaps Claims Meme Coin ATLAS May Involve Insider Trading, 68 Wallets Hold 47% Supply
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Summary
Meme coin news emerged on December 28 as Bubblemaps flagged potential insider trading in the ATLAS project. The meme coin, inspired by U.S. Vice President JD Vance’s pet dog, saw 68 wallets with no prior on-chain activity receive funds via ChangeNow before launch. These wallets now hold 47% of the supply, worth $1 million. On-chain news from Bubblemaps shows the tokens were bought ahead of social media promotion by KOLs.
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