The post Suspected Insider Trading in ATLAS Memecoin Uncovered appeared on BitcoinEthereumNews.com.

Key Points: 68 wallets allegedly involved in significant pre-launch purchases. Insiders suspected of holding 47% of ATLAS supply. Concerns of market manipulation and regulatory scrutiny. On December 28, Bubblemaps reported potential insider trading involving the ATLAS memecoin, with 68 wallets acquiring 47% of the token supply before its official launch. This concentration raises concerns about transparency and market manipulation in the cryptocurrency sector, with ATLAS showing a significant ownership imbalance after early acquisitions. Concentrated Tokens in 68 Wallets Raise Manipulation Concerns The wallets, suspected of belonging to insiders, acquired 47% of the memecoin supply via ChangeNow, translating to approximately $1 million in holdings. Industry insiders have expressed concern, with Bubblemaps pointing to potential insider trading practices. The analytic platform’s findings reveal a significant pre-launch purchase of ATLAS tokens, suggesting actions inconsistent with organic trading behaviors. 68 wallets with no prior on‑chain history were funded via ChangeNow, then rushed to buy ATLAS pre-launch, now holding 47% of supply worth about $1M, suggesting insider trading. — Bubblemaps ATLAS Case Parallels Historic Memecoin Speculation Risks Did you know? ATLAS holds parallels with previous memecoin launches where concentrated pre-launch ownership catalyzed rapid speculation, reminiscent of historic memecoin booms. According to CoinMarketCap, Star Atlas, currently valued at $0.00, exhibits a market cap of $6.80 million. The trading volume has surged by 514.26% within 24 hours, totaling over $1.05 million. Recent data shows price fluctuations with an 8.52% increase in 24 hours, though the value has plummeted 61.87% over 90 days. Star Atlas(ATLAS), daily chart, screenshot on CoinMarketCap at 20:48 UTC on December 28, 2025. Source: CoinMarketCap Coincu research suggests that the concentration of such a large token supply with few addresses amplifies risks associated with volatility and market manipulation. Analysts argue that these factors, coupled with lack of transparency, could invite stricter regulatory scrutiny in…

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Filed under: News - @ December 28, 2025 8:53 pm