PIPPIN Token: Insiders Control 80% of Supply Worth $380M as Bubblemaps Flags Coordinated Wallet Clusters
COINOTAG News, citing blockchain analytics platform Bubblemaps, notes that the PIPPIN token circulating supply under insider control is approximately 80%, valued at about $380 million. This concentration could impact on-chain liquidity and governance dynamics for the project.
The report documents 16 newly identified wallets displaying a consistent pattern: similar SOL funding, no prior on-chain history, and substantial PIPPIN withdrawals from a CEX, a signature of coordinated activity in some cases.
Additionally, a second cluster of 11 connected wallets holds about 9% of the total supply, with fund flows and timing that align with the first group, implying potential linkage to the same entity and warranting ongoing monitoring.
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
Uniswap Fork Protocol Stable Swap Integrated Into Stable, Brings Uniswap V2 and V3 Functionality
Best Crypto To Buy in 2026? Could EV2 Outpace BTC, ETH, XRP & ADA Over the Next Bull Cycle?
SEC Chair Paul Atkins Warns That Overregulation Could Turn Crypto Networks Into Powerful Surveillance Tools
Stable Swap has been integrated into Stable, combining features from both Uniswap V2 and V3 versions.
