PIPPIN insiders control 80% of the supply, valued at approximately $380 million

GateNews

2025-12-16 12:41:58

SOL0,17%

BlockBeats News, December 16 — The blockchain analysis platform Bubblemaps tweeted that the token supply of PIPPIN controlled by insiders has reached 80%, valued at approximately $380 million. Sixteen newly appeared wallets exhibit the same pattern, with similar sources of funds, accepting comparable amounts of SOL, no prior transaction history, and large withdrawals of PIPPIN from CEX. Additionally, there is another group of 11 related wallets holding a total of about 9% of the total supply, with fund flows and time windows highly synchronized, suspected to be controlled by the same entity.

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