The on-chain analytics platform Bubblemaps posted on X that the token MYSTERY exhibited highly concentrated control during its initial launch, which it described as a "textbook scam." Bubblemaps disclosed data showing that approximately 90 newly created wallets seized around 90% of the token supply at launch and continued selling in subsequent stages, having already cashed out over $100,000 while still holding roughly 40% of the total supply. Additionally, the token displayed clear signs of "bundled distribution" and centralized control during its launch phase, with some KOLs promoting the token reportedly engaged in paid promotions.
Bubblemaps Claims the MYSTERY Token Shows Signs of Centralized Control
TechFlowShare
Summary
Bubblemaps, a blockchain analytics firm, has flagged the MYSTERY token in token launch news, citing centralized control as a major red flag. According to data from TechFlow, approximately 90 wallets acquired 90% of the supply at launch and sold over $100,000 worth. These wallets still hold about 40% of the total supply. The token also exhibits bundled distribution and paid promotion by KOLs. The report raises concerns ahead of potential new token listings.
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