It is suspected that 24 wallets, possibly belonging to insiders, purchased 37.8% of the total supply of FIGHT before the market opened for trading
PANews reported on July 17th that blockchain data shows, before the opening trade of $FIGHT, 24 wallets (suspected to be insiders or developers) spent 1.5 ETH (about $4864) to purchase 378.45 million $FIGHT, accounting for 37.8% of the total supply. Currently, these 24 wallets have sold out 261.6 million $FIGHT and are left with about 116.8 million $FIGHT (approximately worth $7.36 million), which accounts for about 11.68% of the total supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Santander Bank: Japan GPIF does not need to adjust asset allocation policy, $62 billion may face sell-off
Analysts at Spain's Santander Bank stated that Japan’s Government Pension Investment Fund (GPIF) could potentially sell up to $62 billion worth of U.S. Treasury bonds without needing to formally adjust its asset allocation policy.

Health in Tech director Timothy Hayes sells 17,730 common shares for $16,243.80
Ocugen CEO Shankar Musunuri sells common shares worth $589,430.24
Computer Modelling Group held annual shareholder meeting