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Bubblemaps: Insiders Control 80% of PIPPIN Token Supply, Valued at Approximately $380 Million
Summary: According to reports from Bubblemaps, a blockchain analysis platform, insiders control 80% of the token supply of PIPPIN, valued at approximately $380 million. Sixteen new wallets have emerged with similar patterns, similar funding sources, receiving comparable amounts of SOL, no prior transaction history, and withdrawing large amounts of PIPPIN from CEX. Additionally, there is another ...
According to reports from Bubblemaps, a blockchain analysis platform, insiders control 80% of the token supply of PIPPIN, valued at approximately $380 million. Sixteen new wallets have emerged with similar patterns, similar funding sources, receiving comparable amounts of SOL, no prior transaction history, and withdrawing large amounts of PIPPIN from CEX. Additionally, there is another group of 11 associated wallets holding approximately 9% of the total supply, with fund flows and time windows highly consistent, suspected to be controlled by the same entity.
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Link: Bubblemaps: Insiders Control 80% of PIPPIN Token Supply, Valued at Approximately $380 Million [Copy]
