PANews reported on May 5 that Bubblemaps, an on-chain analytics platform, posted on the social media platform X that the token "MYSTERY" exhibited highly concentrated holdings in its early stages of launch, describing it as a "textbook example of market manipulation."

According to data disclosed by Bubblemaps, approximately 90 newly created wallets acquired about 90% of the circulating supply during the token's launch phase and continued to reduce their holdings during subsequent trading, having already cashed out over $100,000 while still holding about 40% of the token supply.

Bubblemaps also pointed out that the token showed obvious signs of "bundled distribution" and centralized control of funds during its launch phase. In addition, some KOLs who participated in promoting the token were questioned for paid promotion. The above-mentioned on-chain behavior patterns showed a high degree of consistency and centralization.