The Blockchain Analytics Bubblemaps platform has raised concerns about Rugproof, a self -styled Solan, which claims to protect investors from rugs.
Ironically, Bubblemaps alleged that the project can organize the same type of exploit that claims it prevents. On Monday, the analytical platform provided information about the project, saying that someone built “Rugproof Launchpad” just to allegedly the “carpet” of users.
Rugproof claims on its website that it allows everyone to create tokens with “early risk investment, anti-dump mechanics and built-in prizes for loyal owners.” He also claims that he is buying tokens and offers prizes for lifelongs.
However, Bubblemaps claimed that the data show differently. The analytical platform stated that 50% of the project tokens were “packed during the premiere.”
Cointelegraph contacted Rugproof, but did not receive an answer.
The Creator token distributes SOL to 162 wallets to buy rugproof
Using the visual bubble map that follows ONCHIN data, Bubblemaps analysts showed a relationship between project tokenners.
According to To Bubblemaps, the creator of the project sent Solana (SOL) tokens to 162 different wallets. Then the wallets bought half the token supply. “Token creator O93G6B sent SOL to 162 wallets. These wallets bought 50% rugproof power supply,” said Bubblsie.
This structure reflects the configuration of many alleged rugs in the past.
Including sending cryptocurrency assets from token to 162 wallets seems to be an attempt to create an illusion of a just and decentralized start, although it is related or controlled by the same unit.
Project details, such as team identity, tokenomics or clever contract audits, remain undisclosed and complex to verify through public data and channels.
Bubblemaps is a platform that transforms Onchain data into interactive bubbles, enabling users to easily see tokens and portfolio interactions. The platform often indicates the portfolio clusters that indicate control over project delivery.
July 15 Platform common “Bąbelkowa map”, a visual representation of a project called Alt, which crashed from $ 190 million to market capitalization worth $ 3 million due to the alleged carpet.
Related: The data suggest that the influencer, which “Memecoin Supercycle” invented
The memecoin sector turns stubborn in July
Carpet allegations arise when Memecoins accumulated in July. On Wednesday, the general valuation of Memecoins increased to $ 85 billion, which is an boost of 54% compared to June 30. At the time of writing, the sector market was corrected to $ 73 billion, which is still 32% compared to June.
Co -founder and general director of Mercuryo, Petr Kozyakov, said earlier Cointelegraph that the growth of the memecoin market is caused by a mix of events, including the initial offer of pump pump coins, memecoin accessibility and Bitcoin (BTC) for recent ups of all time.
He said that the mood on Memecoins “undoubtedly fell on the stubborn side.”
https://www.youtube.com/watch?v=GPWMROGCVLC
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