Bubblemaps just dropped a bombshell about PIPPIN. Despite all that hype and the price going parabolic, turns out insiders are sitting on half the entire token supply. Yeah, you read that right - 50% concentration in insider wallets.
This is exactly the kind of red flag that catches people off guard when they're chasing pumps. Token's flying, everyone's excited, but the distribution tells a completely different story. When that much supply is controlled by a tight circle, the exit risk becomes very real very fast.
Worth keeping an eye on wallet movements here. High concentration + massive pump = recipe for potential rug scenarios.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
5
Repost
Share
Comment
0/400
BugBountyHunter
· 12-05 21:00
50% of the supply is in the hands of insiders? Isn't this the textbook prelude to a rug pull? LOL
View OriginalReply0
SigmaValidator
· 12-05 20:59
50% insider hold, that's why I say those chasing the hype will all get rekt. Should've checked the wallet data earlier.
View OriginalReply0
TokenVelocity
· 12-05 20:54
Damn, 50% is in the internal wallet? That's why I never chase the top.
View OriginalReply0
HappyMinerUncle
· 12-05 20:32
50% in internal wallets? Damn, that's a ticking time bomb. No wonder it's pumping so hard.
View OriginalReply0
fren.eth
· 12-05 20:31
Damn, 50% is in the hands of insiders. Isn't this just blatant profiteering?
Bubblemaps just dropped a bombshell about PIPPIN. Despite all that hype and the price going parabolic, turns out insiders are sitting on half the entire token supply. Yeah, you read that right - 50% concentration in insider wallets.
This is exactly the kind of red flag that catches people off guard when they're chasing pumps. Token's flying, everyone's excited, but the distribution tells a completely different story. When that much supply is controlled by a tight circle, the exit risk becomes very real very fast.
Worth keeping an eye on wallet movements here. High concentration + massive pump = recipe for potential rug scenarios.