Trader Loses $150,000 on Scam Altman Token After Elon Musk’s Tweet
Scam Altman (SCAM) Market Cap. The reversal was equally fast. SCAM shed close to 88% of its value over the next 24 hours. The drop from the highlighted wallets entry to its exit reached about 95%. What Bubblemaps Showed Bubblemaps shared a post with a visualization of SCAM holders that flagged clusters of interconnected wallets. That pattern often signals insider distribution or coordinated buying on Solana meme coin launches. Having a bad day? This guy lost $150k yesterday buying $SCAM right before it dumped -95%. The map placed wallet AuKRRB…L7sN inside an active buyer cluster near the top of the chart. Bubblemaps shared a direct map so traders could inspect the wallet relationships themselves. The same traders earlier picks tell a similar story. Wallet AuKRRB…L7sN bought UNC and ASTEROID after each token had already pumped, suggesting late-entry timing on Solana tickers. A Familiar Pump.fun Cycle Tokens launched on Pump.fun rarely survive a full trading week. Galaxy Research has argued the meme coin economy rewards bots and snipers, while retail traders absorb most of the losses. Industry compliance figures put Solana rug pull losses at roughly $500 million in 2024 alone. SCAM followed the familiar template. A hype-driven launch attracted retail buyers, early holders distributed into the demand, and the chart collapsed