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Bubblemaps: MYSTERY or holding control behavior, a few wallets control 90% of the token supply
Mars Finance reports that the on-chain analysis platform Bubblemaps posted on X platform that the token MYSTERY may have exhibited highly centralized control behavior during its initial launch, which they described as a “textbook scam.”
Bubblemaps disclosed data indicating that about 90 creating wallets seized approximately 90% of the supply at the time of MYSTERY’s launch and continued to sell during subsequent phases, with a total cash-out of over $100k, while still holding about 40% of the token supply.
Additionally, during the startup phase, the token showed obvious characteristics of “bundled distribution” and centralized control, and some KOLs promoting the token were also accused of paid promotion activities.