Bubblemaps Warns of Potential Market Manipulation in CHUMP Token

Bubblemaps reported that approximately 80% of the Solana-based meme coin CHUMP is concentrated in bundled wallets. On-chain analysis revealed that over 75 new wallets, funded through complex relay patterns, purchased the majority of the supply shortly before a price surge. The project, promoted by several crypto influencers, shows signs of being controlled by a single entity, prompting warnings for investors.