Single Entity Controls 50% of PIPEDOG Supply via Bundled Sales

Bubblemaps reveals a single entity holds half of PIPEDOG supply. $1M sold, $16M unsold. Funds moved via CEXs to obscure ownership links.

Woofun AI data shows that Bubblemaps identified bundled sales practices affecting PIPEDOG, a meme token in the Robinhood ecosystem. A single entity controls 50% of the total supply. To date, $1 million worth of tokens has been sold, while $16 million remains unsold.

On July 29, PIPEDOG’s trading volume and market capitalization briefly exceeded those of CASHCAT. Investigations indicate that between July 20 and 26, approximately 80 dormant wallets received funds from centralized exchanges. These wallets crossed-chain to Robinhood and acquired 54% of the initial supply. The entity attempted to mask connections by transferring tokens between wallets within single transactions.