ATLAS Memecoin's 68 Wallets Raise Market Manipulation Concerns
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 28 2025- Token Concentration: 68 wallets acquired 47% of the ATLAS memecoin supply before its official launch, translating to approximately $1 million in holdings, raising concerns about market manipulation that could undermine investor confidence.
- Insider Trading Concerns: According to Bubblemaps, these wallets, lacking any prior on-chain history, rushed to purchase ATLAS via ChangeNow, suggesting potential insider trading practices that exacerbate market opacity.
- Market Volatility Risks: The trading volume for ATLAS surged by 514.26% within 24 hours, totaling over $1.05 million, despite a 61.87% decline in value over the past 90 days, indicating high volatility and speculative risks in the market.
- Increased Regulatory Pressure: Analysts warn that the concentration of token holdings and lack of transparency may invite stricter regulatory scrutiny in the crypto industry, potentially impacting future market dynamics and investment environments.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
