Bubblemaps: FIFA World Cup-themed token WCUP Suspected of Wallet Bundling Manipulation

Bubblemaps: FIFA World Cup-themed token WCUP Suspected of Wallet Bundling Manipulation

2026-06-11 23:28View Original

ChainThink report: According to a post by the on-chain analytics platform Bubblemaps on X, the FIFA World Cup-themed token WCUP is suspected of severe wallet bundling manipulation.

The token's market cap surged to $50 million shortly after launch, with multiple KOLs promoting it through paid collaborations—most of which were not publicly disclosed.

Bubblemaps' on-chain data reveals that approximately 30 minutes before WCUP's launch, over 30 previously inactive wallets, newly created on-chain, received funds via CEX within a short timeframe and snapped up around 95% of the circulating supply at token launch. Subsequently, these wallets attempted to obscure their correlation by using Uniswap Router instructions to distribute tokens across multiple addresses.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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