Bubblemaps: The meme coin project ATLAS is suspected of insider trading, with 68 wallets holding 47% of the token supply

On-chain transaction analysis platform Bubblemaps posted on platform X that the meme coin project ATLAS, inspired by U.S. Vice President JD Vance's pet dog, has gained some promotion from KOLs on social media.

However, monitoring has revealed that 68 wallets with no on-chain activity received funds through ChangeNow and pre-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.