A new dataset released by on-chain analytics platform Bubblemaps indicates that the United States has become the dominant hub for so-called “bundled tokens.”
This is a category of memecoins and celebrity-linked tokens frequently flagged for concentrated insider ownership and coordinated wallet behavior.
According to Bubblemaps, over 50% of all bundled-token investigations conducted so far trace back to X [Twitter] accounts located in the United States.
This suggests that the majority of these projects originate from U.S.-based influencers, entertainment figures, and online personalities.
Celebrity and KOL-driven tokens dominate the list
The dataset includes dozens of memecoins associated with high-visibility figures, with most accounts displaying a U.S. location tag. Examples include:
- $JENNER — linked to Caitlyn Jenner
- $DJT — linked to Martin Shkreli
- $RYAN — linked to boxer Ryan Garcia
- $JASON — linked to Jason Derulo
- $KING — linked to Sean Kingston
- $RONNIE — linked to Ronnie Riches
- $FRENCH — linked to French Montana
- $DAVIDO — linked to Davido
Bubblemaps’ visual mapping of wallet clusters has repeatedly shown that many of these tokens share overlapping insider wallets, synchronized liquidity patterns, or tightly concentrated holdings — the core characteristics of a “bundled” project.
While the dataset features projects from Europe, Mexico, Kenya, India, Thailand, and the UAE, the U.S. accounts outweigh all other regions combined.
What “bundled tokens” actually are
The term “bundled tokens” refers to tokens that appear decentralized on the surface but are controlled or influenced by:
- A small group of interconnected wallets
- A single marketing or influencer syndicate
- Coordinated actors promoting multiple memecoins simultaneously
These projects tend to launch, pump, and often dump within the same clusters, according to Bubblemaps’ investigations.
Wallet overlap is one of the biggest red flags — something the platform visualizes with circular “bubble” clusters highlighting who really holds supply.
Why the U.S. leads
The U.S. dominance is likely driven by:
- The concentration of global celebrities and online personalities with large audiences
- Higher meme-coin marketing activity on U.S. social platforms
- Rapid adoption of crypto monetization strategies by American entertainers and digital creators
- The resurgence of the memecoin market during the 2025 cycle
Bubblemaps did not allege wrongdoing by default, but noted that the clustering patterns warrant deeper scrutiny, especially as several of these tokens have shown rapid boom-and-bust behavior.
Regulatory implications
The findings come as U.S. regulators already face growing pressure to address celebrity-endorsed tokens.
A dataset showing that the majority of potentially interconnected meme coins trace back to U.S. promoters may add further scrutiny to this segment of the market.
Final Thoughts
- Bubblemaps’ analysis reveals that the U.S. is the largest origin point for meme coins, characterized by concentrated insider activity, highlighting a structural pattern rather than isolated cases.
- As celebrity-driven tokens continue to spread, wallet transparency tools may become critical for identifying the real control behind high-profile launches.