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Bubblemaps Reveals WCUP Token Suspected of Coordinated Wallet Manipulation; 30+ New Wallets Acquire 95% Supply

GateNews
Security IncidentsOn-Chain Data
UNI-1.12%
According to Bubblemaps' on-chain analysis, the FIFA World Cup-themed token WCUP, which launched yesterday (June 10), shows signs of coordinated wallet manipulation. Over 30 newly created wallets, which had no prior on-chain activity, acquired approximately 95% of the circulating supply within minutes through a CEX. These wallets received funding transfers roughly 30 minutes before WCUP's launch and subsequently attempted to disperse tokens across multiple addresses via Uniswap Router to obscure their relationships. The token's market capitalization surged to $50 million following launch, during which several KOLs promoted it through paid partnerships, though most collaborations were not publicly disclosed.
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