[Bubblemaps Highlights High Concentration of PIPEDOG Tokens, Single Entity Controls $16 Million] On-chain analytics platform Bubblemaps revealed that approximately 80 wallets were funded by multiple centralized exchanges and bridged into Robinhood between July 20 and 26, purchasing around 54% of PIPEDOG at the time of the project's launch. Bubblemaps stated that the addresses in question are controlled by the same entity, which has already sold approximately $1 million worth of tokens and currently still holds a position worth around $16 million.