Bubblemaps flags MYSTERY token over 90-wallet launch sniping cluster

42 minutes ago

Blockchain analytics platform Bubblemaps said 90

Blockchain analytics platform Bubblemaps said 90 newly funded wallets bought 90% of Mystery (MYSTERY) memecoin supply at launch, raising concerns about coordinated sniping.

Mystery/WETH, all-time chart. Source: Dexscreener

The memecoin project brands itself as a free-spirited frog from Matt Furie’s “The Night Riders” and claims to have acquired the official HEDZ NFT and related IP rights from Furie, according to a Monday X post.

Cointelegraph was unable to contact Mystery for comment.

Sniping activity has been a long-standing value-extraction issue in the memecoin space.

In February 2025, a cryptocurrency sniper made nearly $28 million on the Broccoli (BROCCOLI) memecoin, shortly after Binance co-founder and former CEO, Zhangpeng Zhao, revealed that his Belgian Malinois was named “Broccoli,” sparking a wave of community-driven memecoin listings on launchpad Pump.fun.

In November 2025, Bubblemaps claimed that a cluster of about 160 wallets accumulated 30% of decentralized lending protocol Edel Finance’s (EDEL) token supply at launch, worth over $11 million. James Sherborne, the co-founder of Edel Finance, denied the allegations, claiming the team planned to acquire 60% of the token supply.

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