Bubblemaps: MYSTERY may exhibit manipulative trading behavior, with a few wallets controlling 90% of token supply
According to ChainCatcher, the on-chain analytics platform Bubblemaps posted on X, pointing out that the token MYSTERY may have exhibited highly centralized control behavior during its initial launch, which Bubblemaps described as a "textbook scam."
Bubblemaps revealed data showing that about 90 newly created wallets seized roughly 90% of MYSTERY's supply during its launch and have continuously sold off, with total cashouts exceeding $100,000 so far. They still hold about 40% of the token's supply. In addition, this token exhibited clear "bundled distribution" and centralized control characteristics in its early phase, and some KOLs promoting the token were suspected of paid promotion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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