ME News, December 11 (UTC+8), the blockchain data visualization platform Bubblemaps has pointed out that there are issues with the fair distribution of the meme coin project PEPE. Monitoring shows that approximately 30% of the genesis PEPE supply is bundled under the same entity, which sold tokens worth $2 million the day after the issuance. Analysis suggests that a large portion of the supply concentrated in a few wallets can help investors detect scams such as 'rug pulls', where insiders remove liquidity or conduct massive sell-offs, causing the price to plummet and leaving investors with worthless tokens. (Source: ME)