In a shocking revelation, Bubblemaps has flagged potential deceptive practices in Solana’s Rugproof launchpad, uncovering that 50% of the token supply was distributed through 162 wallets controlled by the project’s creator. This explosive Solana news highlights the risks investors face in the rapidly evolving memecoin market.
What’s Happening with Solana’s Rugproof Launchpad?
Bubblemaps’ onchain analysis reveals a pattern mirroring classic rug pull tactics, despite Rugproof’s claims of anti-scam mechanics. Key findings include:
- 162 creator-controlled wallets purchased half the token supply at launch
- No disclosure of team identities or tokenomics
- Lack of published audit reports
How Does This Token Distribution Method Raise Red Flags?
The multi-wallet strategy creates a false impression of decentralization while actually centralizing control. This approach:
| Tactic | Risk |
|---|---|
| SOL sent to multiple wallets | Simulates organic demand |
| Coordinated purchases | Hides creator dominance |
| No transparency | Investors have no recourse |
Why Is the Memecoin Surge Increasing Scam Risks?
The memecoin sector saw a 54% surge in July 2025, with market cap peaking at $85 billion before correcting to $73 billion. This growth brings:
- Increased investor optimism
- Higher vulnerability to rug pulls
- Greater need for tools like Bubblemaps
What Can Investors Learn From This Solana News?
The Rugproof case demonstrates critical lessons for crypto participants:
- Always verify team identities and audits
- Use onchain analytics tools
- Beware of artificial decentralization claims
- Prioritize projects with transparent tokenomics
FAQs About the Solana Rugproof Launchpad Controversy
Q: What exactly did Bubblemaps discover about Rugproof?
A: They found 50% of tokens went to 162 creator-controlled wallets, suggesting potential market manipulation.
Q: How common are these types of scams in crypto?
A: Rug pulls remain prevalent, especially during market surges like the recent memecoin rally.
Q: What tools can help detect such scams?
A: Onchain analytics platforms like Bubblemaps that visualize wallet clusters and token flows.
Q: Should investors avoid all Solana launchpads?
A: No, but they should conduct thorough due diligence and prefer audited projects with transparent teams.
