bubble

According to Bubblemaps monitoring, the user Beaver, who recently won the $1 million article contest on platform X, has participated in a pump-and-dump activity involving meme coins.Bubblemaps tracked the user's public address and found that the associated wallet address 2mQB8o had issued the token $SIAS on the Pumpfun platform, which at one point had a market cap of 6 million dollars before quickly going to zero, after which the project team deleted all social media accounts. Data shows that the user participated in the pump-and-dump operations through 4 sidechain wallets, profiting approximately 600,000 dollars, while their personal wallet also gained an additional 25,000 dollars. Bubblemaps stated that the wallets associated with this user have also issued multiple meme coin projects that ultimately went to zero.

The blockchain analysis platform Bubblemaps posted on X platform that RALPH has dropped 97% since the developers' sell-off. 70% of traders have chosen to sell, while 30% of traders still choose to hold. Those who chose to hold have accumulated losses of 2 million dollars.

Under the influence of the Chinese Meme market, topics related to Meme coins have rapidly gained traction in the cryptocurrency market, with both market participation and controversy amplifying. Different viewpoints continue to diverge regarding the impact of Meme coins on the industry ecosystem and market structure.The Gate platform's live streaming service, Gate Live, will host a roundtable live stream on the theme of Meme coins on January 13 at 20:00 (UTC+8), inviting several KOLs from the cryptocurrency industry to engage in an in-depth discussion on the market logic, risk boundaries, and future development of Meme coins.

According to Bubblemaps, a Solana chain whale wallet (8Ldjm) that turned $60,000 into $2.5 million suddenly woke up after 30 days of silence and sold approximately $1 million of $WhiteWhale in 15 minutes, causing the price to drop by 20%.This address was the largest buyer before the CTO's purchase and was once the second-largest holder, currently still holding 2.5% of the total supply.The WhiteWhale team stated that this wallet is not an insider and attempted to propose an OTC agreement to alleviate the selling pressure but was rejected.

The on-chain trading analysis platform Bubblemaps posted on X, stating that the analysis of insiders at Polymarket has gone out of control. Some posts link Maduro's insider status at Polymarket to a co-founder of WLFI, which sounds sensational but is logically weak.There are also analyses claiming that an insider at Polymarket obtained about 250 SOL from Coinbase, and that a similar SOL deposit was made to Coinbase the day before, asserting that the correlation between the two is 99%.Bubblemaps pointed out that this conclusion is flawed: the time interval is too large, and it only considers the inflow of SOL without accounting for the possibility of USDC, ETH, or other assets. In fact, within the same one-day window, 20 matching cases can also be found. Furthermore, the deposit could have originated from a bank transfer, multiple small deposits, or actions taken months or years ago.It warns that while time analysis is powerful, improper use can lead to almost any erroneous conclusion.

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.

According to Gelonghui, Harry Dent, the founder of HS Dent Investment, recently warned that the most severe market crash in history will occur in 2026. Dent predicts that the current market bubble, which has lasted nearly 17 years, will burst, leading to a 90% drop in the stock market.He described it as the worst market environment since the Great Depression, with stocks, real estate, and digital assets deeply entrenched in a debt-driven "super bubble."Dent stated that early 2026—especially January—will be a critical period for determining whether the bubble will ultimately burst or continue for another year. The reason is that, based on historical experience, a strong performance in the stock market during the first week and the first month of January often indicates a bullish trend for the entire year; however, if January shows weakness, it will further confirm his bearish outlook.He concluded that the only asset that might "survive" is U.S. Treasury bonds, as they can print money to pay off debts. On this point, this economist seems to differ from some other well-known economists, as Peter Schiff previously predicted an unprecedented dollar collapse in 2026.

F2Pool co-founder Wang Chun stated that he agrees with Adam Back's viewpoint (who accused Nic Carter of exaggerating the threat of quantum computing to Bitcoin) and believes that quantum computing is a bubble that will not break the limitations of secp256k1 in the short term.

According to Bubblemaps, the AI agent token AVA allegedly experienced insider trading at the time of its release, with 40% of the tokens being targeted by 23 associated wallets of the deployer.The token was released in November 2024, supported by Holoworld AI. The investigation found that prior to the release of AVA, 23 wallets, including the deployer, received new funds from Bitget and Binance. These wallets exhibited similar characteristics: they received funds within a tight time window, received similar amounts of SOL tokens, had no prior activity records, and targeted the purchase of AVA tokens at the time of release.Additionally, other wallets associated with these sniper wallets also purchased AVA early on, and the similar sources of funds, scale, and timing strongly suggest coordinated behavior among these wallet clusters.

Blockchain analysis platform Bubblemaps tweeted that the token supply controlled by insiders of the PIPPIN token has reached 80%, valued at approximately $380 million.A new emergence of 16 wallets exhibits the same pattern, with similar funding sources, receiving a comparable amount of SOL, no prior trading history, and large withdrawals of PIPPIN from CEX. Additionally, there is another group of 11 associated wallets that collectively hold about 9% of the total supply, with fund flows highly consistent with the time window, suspected to be controlled by the same entity.

According to Jinshi News, Benjamin Melman, CEO of asset management company Edmond de Rothschild, stated that the dollar may face downward risks again next year. If the market becomes concerned about U.S. interest rates again, or if the artificial intelligence bubble suddenly bursts, the dollar will be at risk.With the Federal Reserve cutting interest rates, the dollar has continued to weaken this year. The dollar index DXY recently fell 0.05% to 98.59, having touched a three-and-a-half-year low of 96.218 in mid-September.

The research director of the cryptocurrency asset management company CoinShares, James Butterfill, released a report stating that the bubble of digital asset treasury companies (DAT) has essentially burst. Companies that were trading at 3 to 10 times their market net asset value (mNAV) in the summer of 2025 have now fallen back to about 1 time or lower. This trading model, which once viewed token treasuries as a growth engine, has undergone a severe correction. The future performance of these companies depends on market behavior: either a price drop triggers disorderly selling, or companies maintain their positions and wait for a rebound. If the macro environment improves and a possible interest rate cut in December occurs, this will provide support for cryptocurrencies.

Bubblemaps stated that they have identified the WET sniper, "Ramarxyz, @ramarxyz," who claimed 70% of the HumidiFi token allocation, using over 1000 wallets for its presale, and is now demanding a refund from the project team.Bubblemaps indicated that at least 1100 of the 1530 addresses in the presale came from the same entity. This sniper obscured their tracks by funding thousands of new wallets from CEX. Before the presale, each address received exactly 1,000 USDC. However, one address made a mistake, as it was funded by the private wallet 547Wwc. Subsequently, it received $150,000 from AUG2N, which was also funded by 547Wwc, and that wallet is linked to the Twitter account @ramarxyz.

According to Bubblemaps monitoring, there are suspected market manipulation activities involving the PIPPIN token.Data shows that 50 associated wallets purchased PIPPIN tokens worth $19 million, and these wallets exhibit clear coordinated characteristics: they received similar amounts of SOL tokens at close times, and there were no prior on-chain activity records.Additionally, 26 addresses withdrew 44% of the PIPPIN tokens from CEX within two months, valued at approximately $96 million. Most of the withdrawal operations were concentrated on October 24 and November 23, and the related wallets are mostly newly created accounts.Bubblemaps indicates that based on the analysis of time points, amounts of funds, and financing patterns, there are suspicions of coordinated operations among these wallet activities.

According to Bubblemaps monitoring, a certain entity used a cluster of 900 identical wallets that invested before the token launch to claim 20% of the IRYS airdrop rewards and has sold tokens worth 4 million dollars.

ARK Invest founder Cathie Wood stated that the current liquidity tightening impacting the artificial intelligence and cryptocurrency sectors will reverse in the coming weeks. The market seems to agree with this view, and artificial intelligence is not in a bubble period.

According to reports from Wall Street News, after experiencing rumors of fund cancellations and the media exaggerating the "shorting of AI by a hundred times," the prototype of the movie "The Big Short," well-known investor Michael Burry, fulfilled his promise and "returned" on November 24 local time.He expressed his views on "shorting AI" by publishing his first column titled "The Main Signs of a Bubble: Supply-Side Gluttony." In this article, he officially declared war on the current AI craze, with the storm center being NVIDIA. He pointed out that NVIDIA is the Cisco of that year.In response to the recent mainstream view in the market that "tech giants have strong profitability, so there is no bubble," Burry provided a sharp rebuttal in the article. He cited data from the peak of the internet bubble in 1999, indicating that the prosperity of that time was also driven by high-profit companies, not just small websites that had no revenue at all. Burry pointed out that the key issue with the current AI craze is "catastrophic oversupply and far insufficient demand." He asserted that no matter how many people try to prove this time is different, the history of 1999 is repeating itself.

CITIC Securities research report states that the decline in U.S. stocks on November 20 was driven by macro factors, rather than panic selling triggered by the burst of the AI bubble. The main reason for this round of adjustment is the better-than-expected non-farm payroll data in September combined with hawkish remarks from the Federal Reserve, which triggered profit-taking in the market; coupled with the marginal weakening of the U.S. labor market, the December Federal Reserve meeting may reach the peak of this round of "hawkish panic" sentiment, after which the main line of market trading may shift to the nomination game for the new Federal Reserve chairman by Trump.The fundamentals of the AI sector remain solid, and under the circumstances of token index-level growth, persistent supply chain bottlenecks, and the strong cash flow and balance sheets of the four major tech giants, the extreme narrative of the "AI bubble" bursting is expected to be difficult to manifest in the short term. (Jin Shi)