Blockchain analytics platform Bubblemaps mentioned 90 newly funded wallets purchased 90% of Thriller (MYSTERY) memecoin provide at launch, elevating issues about coordinated sniping.
The wallets have been all funded by pockets “0x544E,” which beforehand withdrew and distributed 20 Ether from crypto alternate Binance. After shopping for up 90% of the provision at launch, the pockets cluster bought about $100,000 price of tokens and nonetheless holds 40% of the provision, mentioned Bubblemaps in a Tuesday X publish. The analytics firm described the sample as a “textbook rip-off.”
Sniping refers to utilizing bots or automated buying and selling instruments to purchase newly launched tokens instantly after buying and selling opens, usually earlier than strange merchants can react. The findings spotlight how automated shopping for and coordinated pockets clusters can dominate thinly traded memecoin launches, leaving later consumers uncovered to sharp losses if early holders promote.
A good launch is supposed to offer all contributors an equal probability to purchase a token when buying and selling opens, with out insiders or coordinated pockets clusters gaining early management of provide. The focus flagged by Bubblemaps would undermine that precept if the wallets have been performing collectively.
Supply: Bubblemaps
Thriller token down 75% from peak
The Thriller token rose to a peak of $7.5 million market capitalization on April 28, earlier than falling round 75% to a $1.9 million market capitalization on the time of writing, Dexscreener knowledge exhibits.
Thriller/WETH, all-time chart. Supply: Dexscreener
The memecoin mission manufacturers itself as a free-spirited frog from Matt Furie’s “The Evening Riders” and claims to have acquired the official HEDZ NFT and associated IP rights from Furie, in line with a Monday X publish.
Cointelegraph was unable to contact Thriller for remark.
Associated: Kaiko flags attainable front-running earlier than Robinhood token listings
Sniping exercise has been a long-standing value-extraction situation within the memecoin area.
In February 2025, a cryptocurrency sniper made almost $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.enjoyable.
In November 2025, Bubblemaps claimed {that a} cluster of about 160 wallets amassed 30% of decentralized lending protocol Edel Finance’s (EDEL) token provide at launch, price over $11 million. James Sherborne, the co-founder of Edel Finance, denied the allegations, claiming the staff deliberate to accumulate 60% of the token provide.
