Hearing reports that nearly 98% of the supply is controlled by just 8–9 wallets, allegedly linked to the team itself. That could explain the extreme volatility and aggressive upward price movement.
The remaining 2% is basically retail holders like me and you 👀
If this information is accurate, the current price action may be heavily manipulated. In my view, this could end badly once liquidity dries up or insiders start unloading.
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