Onchain insights: $CATE, BitMEX's last chapter & 29 wallets moving the market

The $CATE Saga

$CATE launched July 26, inspired by an Instagram post from Kabosu Mama (the original DOGE dog owner). She clarified she had no link to the token. A community takeover led by @PoorGoat_ pushed it to $70M FDV. The holder base: 74,863 wallets. The profit breakdown:

Read thread

25 wallets controlled 19% of supply. The question we asked: "How long will they hold?"

Same day. 29 wallets sold $660,000 at the same minute. $CATE dropped 70% in one candle. The full list of 29 wallet addresses was posted in the thread. > Sell-off thread

Robinhood Chain Watch

The chain is 40 days old. Two sides of the same coin.

The Bundles

$VLAD: Vlad Tenev's account was likely hacked. $VLAD was 70% bundled when the tweet went out. ~10 wallets funded from Relay 2 hours prior, bought within minutes, already selling. > Map
$ARROW update: The cluster we flagged at launch has now sold $600k. $ARROW is down over 95%. The cluster is still active. > Update thread
$PIPEDOG: The biggest runner on Robinhood, briefly overtaking $CASHCAT. One entity controls 50% of supply via ~80 wallets. Funded from multiple CEXs in tight windows, no prior activity, sniped 54% at launch. They tried to hide the links by routing tokens in the same transaction. Time Nodes still connected the wallets. $1M already sold, $16M still held. > Map - Intel Desk case

The Other Side

50 traders have passed $1M in profits on Robinhood. One new millionaire per day. The chain is 40 days old. Last month's data showed 37% of wallets were profitable on the top 50 memecoins. > Thread

Is This Organic?

A cluster of fresh wallets bought $2.7M of $CASHCAT overnight. The token went 2x. Wallet 0x3ad3 bought $1.1M just before the pump, then distributed tokens to 3 other wallets. Two more fresh wallets (0x70fd and 0xf33f) bought $300k and $1.3M within minutes and within an hour. Neither had any prior transaction history. Both still hold everything. > Map

The Sniper

$MARS: $800 into $1,000,000

$MARS launched a week ago, inspired by an old CZ and Elon Musk conversation. Listed on Binance Alpha. Reached $60M market cap.

Wallet 0xd2ab sniped 2.7% of supply for $865 in the first minute. First purchase at a $9k market cap. Sold part of the bag for $250k. Still holds $980k. The full position is now worth $1.8M. Up 1,250x.

0xd2ab was the 7th wallet to buy. Other early buyers included @frankdegods and @rasmr_eth, but 0xd2ab was the only top-50 early buyer to hold past day 1. > Map - Live map

The Fumble

$EPIK: 6% for $4,000

'rektmando' created $EPIK live on stream in 2024 as a joke. The token faded. He retweeted about it. It exploded.

One wallet (5Qk5aE) bought 6% of supply at launch for $700. Sold minutes later for $4.7k. That position is now worth $1.2M. > Map - Post

Industry Watch: BitMEX Shutdown

BitMEX closes on September 23, 2026. Arthur Hayes' exchange invented the perpetual swap. 0 customer funds lost to hacks in 11+ years. $BMEX dropped 95% on the news.

The tokenomics: 92% of $BMEX was locked in a vesting contract. Only 8% was distributed at launch (5% airdrops, 3% product and LP). Of the locked supply, only one claim ever occurred: 63.75M $BMEX from the Product and Liquidity address in November 2022. Employee Incentives, Ecosystem Growth, and Long-term Reserve were never distributed.

75% of $BMEX was meant for employees, ecosystem, and reserves. It was never distributed. > Thread

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Bubblemaps Team