WCUP Market Cap Hits $50 Million After Bubblemaps Flags 95% Pre-Purchase of Token Supply

Bubblemaps said a single group pre-purchased 95% of the WCUP token supply before the token launched, raising questions about the distribution of the asset. According to NS3.AI, WCUP’s market capitalization later surged to $50 million amid promotions by crypto influencers who allegedly did not disclose that the posts were paid promotions. Bubblemaps said it did not find a direct on-chain link between the group involved in the pre-purchase and the token’s development team.