$TRADOOR plunged 90% overnight! Analysts accuse the team of holding 70% of the supply, with the RAVE/SIREN pump-and-dump scheme repeating.

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On-chain analyst Specter revealed: The $TRADOOR token plummeted 90% within 30 minutes, with the team controlling over 70% of the supply, mirroring the manipulation tactics seen previously with $RAVE and $SIREN. (Previous coverage: After RAVE plummeted 90%, ZachXBT warned: SIREN, MYX, COAI, etc., are also suspected of price manipulation, which is highly suspicious) (Background: From Sahara to Tradoor, a look at the "fancy dump" routines of recent altcoins) On the morning of April 25, the $TRADOOR token plunged 90% from its high in just 30 minutes (dropping rapidly from $300 to $25), wiping out nearly all of its 900% gain accumulated over 90 days. On-chain analyst Specter released investigation data on X, accusing this of being a premeditated operation involving supply concentration and exit dumping. Another bundled and manipulated token just dumped 90%… The $TRADOOR token by @tradoor_io surged 900% from March 2026 then yesterday, between 18:00 and 18:30, the price crashed 90% in just 30 minutes. TRADOOR launched in September 2025 with only 60M tokens in supply via… pic.twitter.com/KF47nXySq4 — Specter (@SpecterAnalyst) April 25, 2026 Specter’s on-chain data shows that $TRADOOR was launched in September 2025 via Binance Alpha, with an initial circulating supply of only 60 million tokens. In terms of supply distribution, the team's main wallet controls 70.12%, Bitget holds 11.15%, Binance Alpha accounts for 5.16%, and the remaining tokens are scattered across other addresses. Further tracking shows that the team's main control wallet withdrew 17.93 million $TRADOOR from the total supply and distributed them to at least 13 sub-wallets, including: - 0xf19E14c30004109f3444F5437F1c647Bc4D54b17 (Binance Alpha) - 0x599329DeB9619b2CfC959E5F844E0631Dc90C7C9 - 0xaBd877dFE47AF53f7826303d02030eBF3f5e9a1f - ...and 10 other addresses Between September 19 and 21, 2025, these multiple wallets further dispersed the tokens to new addresses, while simultaneously being used to execute wash trading to create fake volume and market hype. Specter pointed out that as early as November 2025, on-chain monitoring detected team-related wallets continuously depositing $TRADOOR into Bitget, which highly aligns with the 11.15% officially held on Bitget's books. He believes there is reasonable ground to infer that the position held by Bitget is controlled by the Tradoor team or entities fully informed by them. In addition, Specter's early data also shows that at the initial launch of TRADOOR, 10 addresses controlled 98% of the supply, with a single address holding as much as 75%; the DEX liquidity pool was less than $1 million, meaning any sell-off of significant size could trigger a violent price impact. Specter directly compared this case to the recent $RAVE and $SIREN incidents. When ZachXBT investigated $RAVE earlier, he found that the RaveDAO deployment wallet had silently transferred 18.58 million RAVE to Bitget before the pump; during the pump, insiders withdrew 29.78 million from Bitget to create a short squeeze, forcing 74% of Binance users holding short positions to be liquidated. ZachXBT's on-chain tracking revealed that three Gnosis Safe wallets controlled over 90% of the 1 billion RAVE supply. RAVE eventually fell nearly 99% from its peak, with a market cap evaporation of approximately $5.7 to $6 billion. After the $RAVE incident broke out, ZachXBT publicly called on Bitget CEO Gracy Chen and Binance CEO Richard Teng to intervene and investigate, offering a whistleblower bounty of up to $25,000. Bitget CEO Gracy

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Published:2026-04-26 02:14:15

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