Bubblemaps: CHUMP token suspected of being highly controlled by a single entity, about 80% of tokens concentrated in bundled addresses
According to Bubblemaps, about 80% of the Solana ecosystem Trump parody meme coin CHUMP tokens are concentrated in bundled addresses, and the project is promoted by multiple crypto Twitter KOLs. On-chain data shows that before the token surged, more than 75 new wallets were injected with similar amounts of SOL in a short period, and then bought about 80% of CHUMP. These wallets had no previous on-chain activity, and funds were transferred through multiple layers of new addresses, Uniswap transactions, and Relay. Bubblemaps stated that it is still unclear who actually controls the token, but the funding sources and trading patterns are highly similar, suspected to be manipulated by a single entity, and advises investors to participate cautiously.
Bubblemaps data shows ~80% of CHUMP supply sits in bundled wallets funded just before the surge, indicating coordinated insider control rather than organic demand. Because such concentrated ownership enables orchestrated selloffs or a rug pull, the token faces elevated crash risk, and the meme-coin niche may see renewed distrust. CHUMP short-term bearish (medium).