$PEPE IS GOING TO BOOM 💥 💥
PEPE Launch Under Scrutiny as Blockchain Data
New blockchain forensics has raised fresh doubts about PEPE’s “community-first” launch narrative, with analytics platform Bubblemaps revealing that nearly 30% of the memecoin’s initial supply may have been secretly controlled by a single wallet cluster during its April 2023 debut.
Despite PEPE’s branding as a “coin for the people” with no presale and no insider allocations, Bubblemaps claims investors were misled. Its Time Travel analysis shows that one wallet cluster accumulated a huge portion of the genesis supply — and then dumped $2 million worth of tokens just one day after launch.
This heavy selling reportedly prevented PEPE from breaking the $12B market cap barrier during its peak run.
The revelations stand in sharp contrast to PEPE’s original stealth-launch narrative and are now fueling concerns about hidden insider activity.
PEPE’s price has reacted accordingly — dropping 5.7% in the past 24 hours and down over 81% in the last year, according to CoinMarketCap.
Adding to investor worries, PEPE’s official website was exploited earlier this month, redirecting users to a malicious “inferno drainer” site designed for wallet theft and phishing attacks.
Yet, despite the controversies, PEPE has also produced some extraordinary success stories. In March, one early trader famously turned $2,000 into $43 million, even after holding through a massive 74% correction before finally taking profit.
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Bubblemaps’ Forensic Tools Shine Spotlight on Insider-Heavy Launches
The latest findings were made possible through Bubblemaps’ Time Travel feature — a forensic-level analytics tool launched in May that reconstructs historical token distribution.
Its goal: expose insider accumulation, prevent rug pulls, and detect wallet clustering before retail investors get hurt.
A concentrated token supply in the hands of a few insiders is often a major red flag, commonly leading to:
mass sell-offs
liquidity removal
rug pulls
sudden price collapses
Bubblemaps has already uncovered suspicious behavior behind several memecoin projects, including:
Melania token (MELANIA)
fake Eric Trump-themed tokens
and most notably, the catastrophic WOLF token rug pull — which erased 99% of its $42M market cap in hours.
The WOLF token was created by Hayden Davis, the same developer behind the Melania Meme token and the failed Libra token.
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Conclusion
The PEPE saga highlights a broader issue in today’s memecoin markets:
community-driven branding often masks concentrated insider control.
With advanced forensic tools now available to the public, investors are better equipped than ever to identify:
clustered wallets
early accumulation patterns
potential exit scams
artificially inflated launch narratives
As memecoins continue to dominate market hype, the demand for transparency — and the technology to enforce it — is becoming increasingly essential.


