PANews reported on June 11 that, according to Bubblemaps, the FIFA-related token $WCUP, which launched yesterday, surged to a market capitalization of approximately $50 million. 95% of its supply was snapped up by over 30 new wallets immediately after the launch. These wallets, which had no prior on-chain history and were deposited by multiple centralized exchanges within the first half hour of launch, subsequently dispersed their tokens to over 2,500 new addresses via Uniswap Router in an attempt to conceal their connection to the tokens. Bubblemaps pointed out that the project documentation only vaguely mentions "pre-sale and partner allocation," and no direct connection to the team was found on-chain. However, this high concentration of tokens and the undisclosed KOL paid promotion arrangements pose significant risks.