The Secret of Bubble Maps from the 90-Wallet Launch Cluster
According to Blockchain Analytics Platform Bubblemaps, 90 newly funded wallets bought 90% MYSTERY memecoin at launch, raising the threat of coordinated harassment.
The wallets are all backed by wallet “0x544E”, which has previously withdrawn and distributed 20 Ether from crypto exchange Binance. After buying 90% of the supply at launch, the wallet cluster sold about $100,000 worth of tokens and still holds 40% of the supply, Bubblemaps said in a Tuesday X post. The analytics firm described the scheme as a “textbook scam”.
Shooting refers to the use of bots or automated trading tools to buy newly launched tokens immediately after a trade opens, often before ordinary traders can react. The findings highlight how automated buying and integrated wallets dominate memecoin startups that are thinly traded, leaving later buyers exposed to huge losses if early holders sell out.
A fair launch is meant to give all participants an equal opportunity to buy tokens when trading opens, without insiders or integrated wallets gaining supply control. The focus suggested by Bubblemaps undermines that principle if the wallets work together.
Source: Bubblemap
The secret token is reduced by 75% from the maximum
The crypto token rose to a market capitalization of $7.5 million on April 28, before falling 75% to a market capitalization of $1.9 million at the time of writing, DexScreener data shows.
MYSTERIOUS/WETH, ALL TIME CHART. Source: Dexscreener
The memecoin project describes itself as a free-spirited spinoff of Matt Furie's “The Night Riders” and claims to have acquired the official HEDZ NFT and related IP rights from Furie, in a Monday X post.
Cointelegraph could not reach Secrets for comment.
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Fraudulent activity has long been a value-extracting issue in the memecoin space.
In February 2025, a cryptocurrency sniper made nearly $28 million on the BROCCOLI memecoin, shortly after Binance founder and former CEO Zhangpeng Zhao revealed that his Belgian Malinois was named “Broccoli,” prompting community-driven memecoin listings on the launchpad.
In the year In November 2025, Bubblemaps said it raised more than $11 million when a cluster of around 160 wallets launched its decentralized lending protocol Edel Financial (EDEL) token offering. James Sherborne, founder of Edel Financial, denied the allegations, saying the group had planned to acquire 60 percent of the token's supply.
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