Blockchain analytics platform Bubblemaps has alleged insider trading activity in the meme coin projects promoted by Andrew Tate and Iggy Azalea.
On-chain data from Bubblemaps reveals that 11 wallets, funded through Binance with nearly identical amounts simultaneously, purchased 20% of DADDY on June 9, prior to the project’s official announcement. These wallets now collectively hold approximately 19% of the total supply, valued at $30 million.The firm suggested that the linked wallets potentially belong to the same group, although they admitted, “Since they are funded through Binance, we can’t 100% confirm they belong to the same group.
7/ Additionally, Andrew Tate hasn’t burned the 40% he’s holding, meaning he could start selling at any moment.The firm cautioned that any sales from the clusters and Tate’s unburned tokens, which make up 40% of the total supply, could impact the coin’s liquidity.to the allegations asserting, “I will never sell what was sent to my wallet, I will only burn and buy. Forever. Diamond hands.”
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Iggy Azalea token has 'huge insider activity' — analytics firmBlockchain analytics platform Bubblemaps stated that the MOTHER team sold over 109 million tokens to an insider who later sold them into the market.
Source: Cointelegraph - 🏆 562. / 51 Read more »