Solana News Alert: Bubblemaps Exposes 50% Token Distribution via 162 Suspicious Wallets in Rugproof Launchpad
In a shocking revelation, Bubblemaps has flagged a highly suspicious token distribution pattern in Solana’s Rugproof launchpad. With 50% of the token supply controlled by just 162 creator-linked wallets, the project’s claims of being ‘rug-proof’ are now under intense scrutiny. Is this another elaborate crypto scam in disguise?
Solana News: The Rugproof Launchpad Controversy
Bubblemaps’ on-chain analysis has uncovered that Rugproof’s token distribution heavily favors wallets controlled by the project creator. Here’s what happened:
- 162 wallets received SOL from the creator
- These wallets purchased 50% of Rugproof’s token supply at launch
- The pattern mimics classic rug pull strategies
Token Distribution Red Flags You Can’t Ignore
The multi-wallet approach creates a false impression of decentralization while actually centralizing control. Key concerns include:
| Issue | Risk Level |
|---|---|
| Undisclosed team | High |
| No published audits | Critical |
| Opaque tokenomics | High |
Crypto Scams on the Rise Amid Memecoin Surge
The memecoin sector saw a 54% surge in July 2025, reaching $85 billion before correcting to $73 billion. This growth has unfortunately been accompanied by increased scam activity. Bubblemaps’ visualization tools are becoming essential for detecting:
- Wallet clustering patterns
- Artificial demand creation
- Concealed token concentration
Protecting Yourself in the Wild West of Crypto
Experts recommend these due diligence steps before investing:
- Verify team identities and track records
- Demand published audit reports
- Analyze token distribution patterns
- Use on-chain analytics tools like Bubblemaps
The Rugproof case serves as a stark reminder that even projects marketing themselves as ‘safe’ can harbor significant risks. As the crypto market evolves, investors must prioritize transparency and verifiable data over hype and promises.
FAQs
Q: What is Bubblemaps?
A: Bubblemaps is an on-chain analytics tool that visualizes token distribution patterns to help detect potential scams.
Q: How common are rug pulls in crypto?
A: Extremely common, especially during market surges. July 2025 saw a notable increase alongside the memecoin rally.
Q: What are the signs of a potential rug pull?
A: Anonymous teams, lack of audits, uneven token distribution, and multi-wallet strategies are major red flags.
Q: Can projects recover from such allegations?
A: Only through complete transparency – publishing audits, revealing team identities, and correcting distribution issues.
