It was determined which countries the altcoin projects, especially those that have a memecoin quality and have suffered from large dumps, originated from.
Cryptocurrency research platform Bubblemaps has analyzed the location information of 38 altcoin projects, which have previously been in the news for their dense wallet clustering, transparency debates, and sharp price crashes, now visible on X (Twitter).
The results clearly show where a significant portion of these controversial altcoins originated.
According to the data, over 50% of the 38 projects examined appear to be located in the United States. Europe follows, followed by India and other regions. In addition to the geographic distribution, price performance is also striking: the lowest decline among tokens is -78%, while the majority of the remaining tokens have collapsed between -97% and -100%. For example, projects like MELANIA, CR7 Fake, FRIES, and ZEUS have lost almost all of their value.
Here are the origins and price change information of the controversial altcoins:
