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PIPEDOG
2026-07-29 04:36:59

PIPEDOG raises onchain red flags after two same-name launches in 17 minutes

Onchain records reviewed by Foresight News show an unusual sequence behind PIPEDOG on Robinhood Chain. The same deployer first launched a PIPEDOG token, added Uniswap liquidity with nearly the full token supply and about 263 WETH, then removed the related liquidity within minutes. At 04:29 on July 28, the same address deployed a second token with the same name, ticker and total supply, just 17 minutes after the first launch. The first token quickly collapsed, while the second later reached a peak market capitalization of $74.6 million and stood at about $55 million at the time of writing. The report also points to concentrated early trading and holder patterns in the second token. GMGN showed bundled holdings at 23.16%, with a historical peak of 42.65%, while Bubblemaps identified eight holder clusters totaling 146 addresses that together controlled about 32% of supply after excluding the Uniswap pool. Similar patterns also appeared in the first token. Although the current evidence does not prove control by a single operator, the relaunch sequence, bundled positions and clustered ownership structure leave several risk signals that traders may want to watch closely.

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PIPEDOG raises onchain red flags after two same-name launches in 17 minutes
BitMEX
2026-07-23 16:21:13

Bubblemaps says roughly 75% of BMEX was never claimed into circulation

On July 24, on-chain visualization platform Bubblemaps said BitMEX token BMEX plunged about 95% after the exchange’s planned September shutdown came into focus. Based on BMEX’s 2021 tokenomics, 92% of the supply was locked in vesting contracts, while only 8% was allocated at listing. That initial allocation was split between a 5% airdrop and 3% for product and liquidity purposes. On-chain data cited by Bubblemaps shows there was only one claim event, on Nov. 2, 2022, when the product and liquidity address claimed 63.75 million BMEX. The roughly 75% earmarked for employee incentives, ecosystem growth and long-term reserves was never claimed and never entered circulation. Bubblemaps said that does not necessarily indicate wrongdoing, but those large allocations were not actually put into effect under the public distribution plan. BlockBeats also noted that BitMEX has not announced extra compensation or special arrangements for BMEX holders, aside from unstaking all staked BMEX and returning the tokens to user accounts. BitMEX had previously described BMEX as a utility token only, not equity, debt, or an asset with promised returns.

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Bubblemaps says roughly 75% of BMEX was never claimed into circulation
Bubblemaps
2026-07-23 12:23:42

Bubblemaps says locked MEGA presale buyers are down about 50% on paper

On-chain analytics platform Bubblemaps said in a post on X that investors who joined the MEGA token presale and chose to lock their tokens for extra rewards are currently sitting on an unrealized loss of about 50%. According to the data cited by Bubblemaps, this group of investors put in a combined $28.3 million. The current value of those holdings has fallen to $13.6 million. The tokens tied to that lockup will not become available until April 2027. The update points specifically to presale participants who selected the lockup option tied to additional rewards, rather than the broader MEGA holder base. Bubblemaps did not add further details in the excerpt carried by ChainCatcher beyond the loss estimate, total capital committed, current holding value, and the stated unlock date.

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Bubblemaps says locked MEGA presale buyers are down about 50% on paper