Bubblemaps: MYSTERY—Potential Market Manipulation, with a Small Number of Wallets Controlling 90% of the Token Supply
On X, on-chain analytics platform Bubblemaps stated that the token MYSTERY may have exhibited highly centralized control during its initial launch phase, describing it as a “textbook scam.”
Bubblemaps disclosed data showing that approximately 90 newly created wallets seized roughly 90% of the token’s supply at launch and have since continuously dumped their holdings—generating over $100,000 in proceeds so far, while still retaining about 40% of the total supply. Additionally, the token’s launch featured clear “bundled distribution” and centralized control characteristics, and some KOLs promoting MYSTERY were reportedly paid to do so.
