🧾 COMPREHENSIVE REPORT ON IDO ON CAKE.PAD (Week 18/10 – 24/10/2025)
- Category: On-Chain Weekly Report
- Platform: Cake.Pad – PancakeSwap Launchpad
🔍 Overview. In the week from 18/10 to 24/10, the Cake.Pad platform recorded 2 IDO events.
1️⃣ AiWhiteBridge (WBAI) – date 14/10/2025
2️⃣ Sigma.Money (SIGMA) – date 21/10/2025
- On-Chain data indicates a high concentration of ownership, volatile liquidity, and significant price drop post-listing.
💠 IDO #1: AiWhiteBridge (WBAI)
- Total supply: 1,000,000,000 WBAI
- Top 10 wallets holding: ~82% of total supply
- Large wallets exhibit internal rotation behavior, creating fake trading volume (wash trading) in the first 24 hours.
- Liquidity not locked, part withdrawn after 72h.
- Price after IDO: down -65% in the first 3 days, trading volume declines rapidly.
- Excessive concentration → risk of price manipulation.
💠 IDO #2: Sigma.Money (SIGMA)
- Total supply: 100,000,000 SIGMA
- Top 10 wallets holding: ~76% of total supply
- Wallet #2 and #4 transfer tokens to sub-wallets and gradually sell on DEX → behavior of breaking transactions to avoid detection.
- Initial liquidity: 3.5M USD → down 40% after 48h.
- Price drop: -58% just 2 days after listing.
- Token distribution behavior shows signs of gradual dumping (slow dump), indicating selling pressure from within the project.
⚙️ GENERAL ASSESSMENT
1. The first two IDOs on Cake.Pad show a recurring risk pattern.
2. High control concentration, thin liquidity.
3. Sharp price drop after IDO.
4. The Cake.Pad platform is still in the testing phase, lacking sufficient project vetting mechanisms, tokenomics audits, and cash flow monitoring.
📅 CONCLUSION. This week, Cake.Pad continues to attract attention with new IDOs, but On-Chain data indicates significant potential risks.
#CAKEPAD #BSC #PancakeSwap