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Suspicious Activity Sparks Concerns Around $COM Token

May 17, 2025
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In the Solana memecoin space, a new controversy is brewing around the $COM token, the native asset of Comput3AI. On-chain activity of late has been enough to give some in the community pause and raise the hackles of analysts.

They’ve uncovered a large-scale distribution of the token in short order to a lot of different wallets that are now, with some considerable selling pressure, starting to look like very well-offed wallets.

Though the Comput3AI team denies it, pseudonymous transactions on the Ethereum blockchain hint the team may have bought compute power to train AI models. If so, the group violates OpenAI’s terms of use.

1 Billion Tokens Minted, Spread Across 11 Wallets

It all started eight days ago when the dev team from Comput3AI minted an astonishing 1 billion $COM tokens on-chain. What have our observers’ attention is what happened next: these tokens were swiftly spread out across 11 different wallets. From the behavior of these wallets and the timing of certain actions, we, in the community, suspect that these wallets are controlled, directly or indirectly, by the developers of the project.

Today, one of those wallets started a large DCA (dollar-cost averaging) sell order of $133,460, and it was enough to make people raise their eyebrows and ask whether the $COM project was doing some kind of stealth distribution or was just unloading tokens behind the scenes.

The dumping wallet—37RwQEKTzbMaAcwD9oi3zP7n7Wqqh2qx4TSeqwWvCAuV—received 32.5 million tokens for free from another wallet, 7SexAkW1t6cLDvJ86eNSGPx5ipqHX87FUqNpmdKeXxoC. This second wallet, analysts claim, appears closely connected to the original deployer address: CP7TvaxJ17YKiK8Z8QnQAzT8YjzhCp2zqLhRyzoiECCr.

The community speculates that the dev team might be offloading tokens and maintaining plausible deniability based on this web of transactions and the timing of the token sales.

Comput3AI Denies Any Link to Dumping Wallets

In response to the growing criticism, Comput3AI issued a statement trying to explain the situation and separate themselves from the wallet actions. The team made their explanations public, stating:

It’s live on @autodotfun.

The team states that the wallet now selling $COM is not controlled by them. They note that the wallet in question purchased $COM using the Autodotfun bonding curve, putting 4 SOL into the deal—a fact confirmed by this public Solscan transaction: solscan.io/tx/4YXe43fRiE6.

This explication hasn’t entirely appeased the naysayers, though. Blockchain tracing reveals that the wallet started sending away tokens just after it had received a hefty amount from a wallet claimed to be connected to the deployer. For many onlookers, the pathway appears rather too well organized to be an instance of coincidence.

A Divided Community: Legit Bonding Curve or Quiet Exit?

This discussion revolves around the distribution of tokens and the responsibility of those tokens in a space that is supposedly decentralized and governed by public protocols. The explanation offered by the team concerning the purchase of the tokens—on a public bonding curve, no less—would, indeed, seem to validate their case. And the Autodotfun platform is, by most accounts, functionally decentralized. But if you want to ignore all that and simply treat the team as if it governed a centralized platform, you would be right to do so.

Conversely, critics contend that even if wallets are acquiring tokens via the bonding curve, such acquisitions could still be part of a more extensive distribution strategy orchestrated by insiders. The worry isn’t limited to questions of legality; it extends to issues of optics and the trustworthiness of the system.

One of these wallets is now unloading tokens worth over $130K, which intensifies worries that insiders might be cashing out. Meanwhile, retail holders are left holding the bag.

Final Thoughts: Transparency Still King in the Meme Era

Be it directly or indirectly, Comput3AI is a meme situation in the Solana ecosystem, depicting part of a growing demand among the ecosystem’s denizens: for transparency. Hype and fast-moving capital dominate markets these days; the diff between a trusted project and a fleeting pump-and-dump is usually how much better teams communicate and prove their intentions. This diff is the basis of reputation, the only thing that carries any weight in a market without real regulation.

On-chain transparency implements like Stalkchain and Solscan are making it harder for hidden transactions to stay hidden. For $COM and projects like it, this is a two-edged sword. We can carve our names into the woodwork. Or we can try to set the record straight—to clarify, to step up, and to regain the trust of everyone who puts faith into what’s transparent and into what’s not.

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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