Bubblemaps said a FIFA World Cup-themed token, WCUP, showed signs of serious wallet-bundling manipulation after its launch, with newly created wallets allegedly acquiring most of the circulating supply.
According to Foresight News, Bubblemaps disclosed on X that WCUP’s market capitalization briefly rose to $50 million after listing, while multiple KOLs promoted the token through paid collaborations that were mostly not publicly disclosed.
Bubblemaps’ on-chain data indicated that about 30 minutes before WCUP went live, more than 30 newly created wallets received rapid funding via centralized exchanges. The wallets reportedly had no prior on-chain activity and bought about 95% of the token’s circulating supply at launch.
Afterward, the wallets allegedly attempted to distribute tokens across multiple addresses using Uniswap Router instructions to obscure potential links among them.
Bubblemaps Flags Suspected Wallet Bundling Manipulation in FIFA World Cup-Themed WCUP Token
2026-06-11 15:33:57
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