ATLAS Memecoin Faces Insider Trading Allegations as 68 Wallets Control 47% Supply

2025-12-28 20:20

Bubblemaps, an on-chain transaction analytics platform, has raised concerns about potential insider trading within the ATLAS memecoin project. According to a report published on December 28, 68 wallets, which previously showed no on-chain activity, acquired a significant portion of ATLAS tokens through ChangeNow before the project's official launch. These wallets now collectively hold 47% of the token supply, valued at $1 million. The ATLAS project, inspired by US Vice President JD Vance's pet dog, has been promoted by key opinion leaders on social media. The concentration of tokens in a few wallets suggests possible insider trading, raising questions about the project's transparency and fairness.

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