Analysis: PIPPIN insiders control 80% of the token supply.
according to blockchain analysis platform Bubblemaps, insiders control 80% of the PIPPIN token supply, valued at approximately 380 million USD.
Bubblemaps pointed out: since the last disclosure, 16 new wallets with the same pattern have appeared (funded by an exchange, receiving similar amounts of SOL, no history, large withdrawals of PIPPIN from CEX); another group of 11 wallets associated with Bitget was identified, holding about 9% of the supply in total, with fund flows and timing highly consistent, suspected to be controlled by the same entity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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