ZachXBT Flags $M Token Over $6B Concentrated Holdings

On-chain sleuth ZachXBT has initiated an investigation into the $M token due to concerns over highly concentrated ownership. The inquiry highlights that the top 20 holders control a significant portion, with 'insider' holdings potentially reaching 90% of the token's $6 billion market capitalization. This scrutiny follows ZachXBT's previous questioning of the $rave token, which saw a 95% price crash within 24 hours.

Detected & updated continuously · Source: Ruma

Mentioned

RaveGods ($RAVE)MemeCore (m)@zachxbt