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BubbleMaps shares one-word XST warning as token explodes on TikTok

ByHannah CollymoreHannah Collymore 2 mins read
BubbleMaps shares one-word XST warning as token explodes on TikTok
  • BubbleMaps has warned buyers to skip XST, a TikTok-fueled memecoin.
  • The project has a roughly $70 million market cap, with about 74% of its supply bundled in a few wallets.
  • BubbleMaps’ recent warnings on LAB and CASHDOG came just before those tokens cratered, with LAB down 99% since the June warning.

On-chain analytics firm BubbleMaps has warned that XST, a memecoin spreading fast through TikTok, has roughly 74% of its supply bundled in a small cluster of wallets.

BubbleMaps, which is popular for giving warnings right before some brutal crashes, has told buyers to skip the token.

Is it safe to invest in the TikTok-viral XST?

BubbleMaps has posted its analysis of the XST token on X, and it attached a characteristically terse one-word message: “bro.”

The analysis found that about 74% of XST’s total supply is held by a tight group of addresses that could be coordinated to move the price. The firm has flagged this same distribution problem in many other projects.

The firm’s own XST bubble map, timestamped August 13, shows a single cluster of 244 wallets accounting for close to half the supply on its own, but TikTokers, who the project is being marketed to as a fast money bet through viral clips by influencers, may never know to check who controls the token supply.

BubbleMaps’ map listed XST up 28.8% at about $0.06 at the time of its snapshot, and its market capitalization was pegged near $70 million.

The trader Bando described XST on X as “a $70m rug shilled on TikTok,” reiterating BubbleMaps findings, and adding fake profit screenshots. AI-generated Trump videos are even part of the project’s tactics.

Jack Duval also made a post, calling the project a “fraudulent crime trump larp coin.”

He argued that the coin being listed on the trading platform FOMO lends it credibility and urged that the token be stripped of its verification badge and delisted.

What other projects has BubbleMaps warned about?

One day before it made its post about XST, LAB token, which BubbleMaps previously warned about, fell 99%.

Cryptopolitan reported that a 313-wallet presale group BubbleMaps tracked watched its combined holdings collapse from more than $1 billion in paper value to about $6.8 million. LAB token is now trading near $0.12 against an all-time high of $27.22.

BubbleMaps also issued a warning about CASHDOG back in July when it analyzed memecoins on Robinhood Chain. Holders of the token were funded through one-time contracts, suggesting that the coin had a coordinated launch instead of organic purchases.

The same review found that 63% of the 164,538 traders active in the chain’s top 50 tokens had lost money.

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FAQs

What did BubbleMaps say about XST?

BubbleMaps said about 74% of XST's supply is concentrated in a small cluster of wallets, a pattern it associates with rug-pulls, and urged investors to avoid the TikTok-promoted token even if it appears in their recommendation feeds.

How big is XST and where is it being promoted?

XST was at a market capitalization of roughly $70 million, driven largely by TikTok influencers and viral videos marketing it as a high-growth opportunity.

What happened to the last token BubbleMaps warned about?

BubbleMaps said on August 12 that LAB had fallen 99% since its June 4 warning, with a 313-wallet presale group's holdings dropping from more than $1 billion in value to about $6.8 million, according to Cryptopolitan.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Hannah Collymore

Hannah Collymore

Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.

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