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BubbleMaps: CATE’s 20% supply concentration risk puts ‘DOGE sister’ on watchlist


BubbleMaps: CATE’s 20% supply concentration risk puts ‘DOGE sister’ on watchlist

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On-chain analytics firm BubbleMaps reported that 25 wallets control 19% of the CATE memecoin supply, posing a concentration warning to nearly 75,000 traders who bought the cat-themed token. The finding flags centralization and potential market-manipulation risks for CATE, raising security and adoption concerns in the crypto and DeFi ecosystem.

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On-chain analytics firm BubbleMaps has published data that shows that 25 wallets control 19% of the CATE memecoin.  This is a concentration warning aimed at the nearly 75,000 traders who have bought the cat-themed token that markets itself on a link to the dog behind Dogecoin. Who controls the bulk of CATE supply? BubbleMaps shared...
Read the article at CryptoPolitan

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Coins

$ 0.0702

+0.60%

$ 0.00...016

+16.2%

$ 0.000436

-25.2%

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In This News

Coins

$ 0.0702

+0.60%

$ 0.00...016

+16.2%

$ 0.000436

-25.2%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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