Insider Activity & Profitability - Insiders sold 255 billion tokens, valued at $141 million, within 5-9 days post-TGE [1] - The team generated a profit of $3965 million from these sales [1] - Insiders initially held 40% of the total token supply, which was fully liquid from the start [1] Wallet Transactions & Token Movement - One wallet (Wintermute) sold 125 billion tokens for $672 million in just two days [1] - Another wallet moved 125 billion tokens through 13 separate transfers [1] - A third wallet sold 83 billion tokens worth $405 million by July 21 [1] - 13 billion tokens were transferred to FalconX, an institutional OTC desk, and another 125 billion to centralized exchanges [1] Market Impact & Price Fluctuation - The token price peaked at $00069 but has since decreased to $00025 [1] - Market capitalization decreased from $4 billion to $252 billion, potentially resulting in losses for most retail buyers [2]
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Ivan on Tech 🍳📈💰·2025-07-26 03:08