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ATLAS Sniping Suspicion: 68 New Wallets Snatch 47% of the Supply, What Does This Operation Imply?
【Blockchain Rhythm】Recently, there is a phenomenon worth noting. A well-known Twitter account has once again promoted the Meme coin ATLAS, which saw its intraday price double, indicating high popularity. But a deeper look into the transaction chain reveals some interesting details.
According to on-chain data, around the time ATLAS was launched, 68 wallets quickly obtained funds through the ChangeNow platform. These wallets are characterized by: almost no prior on-chain activity records, and they received nearly identical amounts of ETH in a short period, then collectively targeted ATLAS. As a result, these 68 addresses now hold 47% of the ATLAS supply, worth approximately $1 million.
In other words, the behavior pattern of these wallets is highly consistent—fundraising → targeting → capturing a large share of circulating supply. Although JD Vance’s pet dog meme indeed increased the project’s visibility, this launch method and concentration of holdings raise some questions. Is the project team intentionally manipulating distribution, or are certain institutions quickly building positions by leveraging IP hype? This warrants ongoing attention.
In summary, the popularity of Meme coins can easily attract attention, but details like the holding structure often reveal clues. When researching new projects, it’s helpful to consider the logic behind wallet addresses.
Sniping tactics are so old school, funding→simultaneous entry→lock-up circulating supply. I've seen this routine many times.
47% of the supply is in these addresses, it's really outrageous. No matter how high the buzz, it's useless with such a poor fundamentals.
It's also ChangeNow again. How come this platform is always used for these kinds of things...
How long can the JD Vance dog meme last? Once the hype dies down, it's over.
Doubling in price looks satisfying, but who ends up taking the last buy? I won't buy this.
For a coin with such concentration, if one big holder runs away, it's all over. Pass.
A typical prelude to a rug pull, just waiting to be explicitly stated.
47% of the circulating supply is in a group of ghost wallets. Who believes this isn't just preparing for a dump?
Using the pet dog meme to whitewash this kind of operation? That's hilarious.
This is definitely someone orchestrating the game, and still has the nerve to talk about pet dog memes? Purely fooling retail investors
There might be some issues with ChangeNow, how can such a model not be reviewed at all
Another rug pull on the eve, judging by the scene, better stay far away
Funding → Sniping → Market manipulation, the script is already written, just waiting for retail investors to take the bait
47% held by such a small number of wallets, the ATLAS project is so small in scope
Twitter influencers promoting Meme coins, this needs to be regulated, it's too outrageous
Just another scheme to trap retail investors, how dare they promote such obvious concentration?
One-stop financing sniping, such old tricks haha
Can ChangeNow still be used like this? Need to analyze
Wait, 47% is held by 68 addresses, isn't this an internal market?
High topic popularity doesn't matter, if the market is bad, it has to die
It's the same old trick, people in the crypto circle have a short memory.
Funding → Sniping → Running away, the script is all worn out.
High hype? What a joke, just look at the data—it's a carefully crafted setup.
What can JD Vance's dog meme really save? Can't hide the concentration issue.
ChangeNow platform also cooperates quite well, huh.
I bet five cents there are still people FOMO-ing in right now.
This is too outrageous, so blatant and obvious.
47% is in those 68 addresses, what are retail investors even playing at?
That marketing spiel on Twitter, I can recite it all.
I've seen too many projects like this, none of them ended well.
ChangeNow funding → collective sniping, in other words, it's just internal pre-mining, the pet dog meme is eye-catching but can't hide the concentrated holdings
Another "creative" meme coin, it's obvious at a glance
This highly consistent behavior pattern, how does it seem more obvious than market manipulation...
Behind the doubled hype, it's all chips games by these new addresses, the real retail investors have long been harvested
47% held by 68 wallets, wait, isn't this just a traditional pump scheme?
Why does this routine keep happening, funding → sniping → dumping, looping repeatedly