In the rapidly changing and uncertain world of memecoins and experimental tokens, nothing seems to raise more eyebrows than a sudden influx of brand-new wallets that are buying into a project in a big way.
That’s what looks to be going on right now with $USDP, a bundled token that has by no means been trading at any sort of level close to what you’d call excitement.
In the above material, a Stalkchain, a blockchain analytics tool, was used to procure the data. As it happens, 59 wallets that had been created a mere day before were observed to spend a collective 1.08 million dollars on a coin known as $USDP. The coin itself appears solid, and its distribution is healthy. But these wallets and their actions make for some very curious trading, suggesting a narrative that isn’t just about trading bots promoting $USDP.
59 Wallets, $1.08 Million, and Immediate Selling
The most striking observation is the rapid movement of capital by wallets that were created less than 24 hours ago. These 59 fresh wallets, acting seemingly in unison, purchased $1.08 million worth of $USDP tokens. It’s a decentralized financial revolution, folks! These wallets together represent a totally made-up entity, but who cares about that when you can just ride the wave and call it “real”?
These wallets seem to be working together, and it’s not clear exactly why. They’ve already sold a big chunk of what they had—almost half, in fact—trading out for about $1.03 million. So here’s the question: Are these dudes real investors or what we might call “fake” investors—entities trying to rig the game’s price for a short-term gain?
A deeper examination ties many of these wallets to earlier rug pulls—exit scams where developers leave a project after jamming up the token price and then going down with the ship, thereby making the ship’s investors hold a bunch of worthless tickets to what was once a cruise to paradise. And while you can’t quite make a metal case for saying these wallets are doing anything except what these wallets are doing (which, if you ask me, seems like a pretty shady thing to be doing), the association with past acts of fraud is enough to make a cautious person pull their head into their turtle shell.
Liquidity and Distribution Paint a Mixed Picture
At first glance, a few numbers regarding $USDP appear quite positive. Liquidity seems healthy at $631,000, which is good for a token at this stage of its life cycle. The market cap looks decent at $20.3 million and demonstrates some moderate growth and traction.
It’s no news that $USDP is a bundled token.
Using Stalkchain, we tracked the top 59 wallets created just 1 day ago, and here’s what we found:
59 fresh wallets collectively spent $1.08M on $USDP
They've already partially sold tokens worth $1.03M https://t.co/dW0MtD4iki pic.twitter.com/edzDCXMfrW
— Stalkchain (@StalkHQ) June 17, 2025
The token’s leading holders are, quite unexpectedly, well diversified. The top 10 wallets control only 12.12% of the supply—low concentration by most memecoin standards. The largest individual holder owns just 6.71%, while the top 100 addresses hold 24.81% of the total token supply. This level of decentralization is generally a positive sign. It helps prevent a small group of whales from manipulating the price.
$USDP – Safety Score: 44.39%
rCDpCrYepyYffZz7AQhBV1LMJvWo7mps8fWr4Bvpump
Most of the wallets are connected to past rugs
Stay safe
✅ Top 10 holders control just 12.12%. Liquidity is solid at $631K. Market cap is healthy at $20.3M.
🚩 The highest individual holder owns 6.71%.… pic.twitter.com/vD9p9JvnjI— N ⱽᴼᴵᴰ (@En_Solana) June 16, 2025
These potential benefits, however, are overshadowed by major unknowns that usually signify risk. Right now, there’s no information available to the public about whether the mint function is even turned off—an alarming oversight in any tokenomics setup. If the minting function is live, developers could be using it to create a massive, unsustainable token supply. And what about transparency? You’ve got to wonder: Are the liquidity tokens locked? Have they been burned? These are basic, critical safety steps that protect against ‘rug pulls’ (when a project suddenly disappears and takes your funds with it). Why isn’t the project being more transparent?
Market Health or Coordinated Play?
The situation with $USDP holds a special interest because it contrasts the token’s technical metrics with the suspicious activity being funneled through its top wallets. The distribution and liquidity of $USDP suggest a stable project, as do its other technical metrics. But a look into the origins of the wallet with the most tokens—and the origins of the activity in all the top wallets—paints a much murkier picture.
A coordinated group of investors or something more sinister is suggested by the way that so much money has been sent through newly created wallets—all in the same short time period. Add in the previous rug pull connections, and it becomes hard to deny that this is not just a stage set for another extractions scheme.
Caution is advisable for investors tracking $USDP. Although its market cap and distribution figures lend some legitimacy to the project, the token’s actual structure—and the way it’s being used—remains largely opaque. That should concern any potential investor. So should the appearance of some wallets that are using the token in a manner more suggestive of a get-rich-quick scheme than of an actual functioning part of a healthy, semi-breathing ecosystem. In crypto, especially bundled tokens like this one, looks can be deceiving.
It is key, as always, to perform due diligence. Investigating $USDP—or any token with comparable warning signs—requires seeking out information that can be verified. Minting rights, how LP tokens are managed, and the ownership history of the token in question’s wallets are good places to start, as these areas tend to reveal the health of a project. When this kind of intel-gathering is done, then what has been uncovered can be used as the basis for decision-making. And let me just say that, in this instance, whatever decisions are made should be made with a great deal of caution.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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