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Analysts Flag Suspicious Activity in JD Vance-Inspired Memecoin Launch

Analysts Flag Suspicious Activity in JD Vance-Inspired Memecoin Launch

Author:

Global Cryptocurrency

Published:

2025-12-28 21:12:02

15

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BTCCSquare news:

Blockchain analytics platform BubbleMaps has uncovered potential market manipulation in Atlas token, a memecoin themed around Vice President JD Vance's pet dog. The token gained traction after promotion by influencer account Whale Insider to its 625,000 followers.

Nearly half of Atlas' supply—worth approximately $1 million—is controlled by just 68 wallets showing coordinated behavior patterns. These wallets were funded through non-KYC exchange ChangeNow, with no prior on-chain history, raising red flags about insider orchestration.

The findings highlight ongoing risks in influencer-driven memecoin launches, where most projects either collapse or prove to be outright scams. Whale Insider's December 26 post touting Atlas' 100% price surge now appears particularly questionable given the subsequent analysis.

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