PANews reported on December 16th that, according to Bubblemaps, the price of $PIPPIN continues to rise, but the company claims that an internal address currentlyPANews reported on December 16th that, according to Bubblemaps, the price of $PIPPIN continues to rise, but the company claims that an internal address currently
Analysis: PIPPIN insider addresses control 80% of the supply, or may be controlled by a single entity.
PANews reported on December 16th that, according to Bubblemaps, the price of $PIPPIN continues to rise, but the company claims that an internal address currently holds approximately 80% of the supply, worth about $380 million. Bubblemaps points out that since the last disclosure, 16 new wallets have emerged with the same pattern (funds from HTX, receiving similar amounts of SOL, no history, and large withdrawals of PIPPIN from CEXs); another group of 11 wallets associated with Bitget has been identified, holding a total of about 9% of the supply, with highly consistent fund flows and timing, suggesting they are controlled by the same entity.
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