Odaily Planet Daily reports that, according to Bubblemaps monitoring, the FIFA-related token WCUP, launched yesterday, peaked at a market capitalization of approximately $50 million, with 95% of its supply immediately snapped up by over 30 new wallets at launch. These wallets were funded via multiple centralized exchanges within the half-hour prior to launch and had no prior on-chain history; they subsequently distributed the tokens to over 2,500 new addresses using the Uniswap Router.
Bubblemaps notes that the project’s documentation only vaguely mentions pre-sale and partner allocations, with no on-chain evidence directly linking these to the team; however, such high concentration combined with undisclosed KOL paid promotion arrangements poses a significant risk.