Blockchain analytics firm Bubblemaps has revealed alarming insider activity surrounding $AINTI, a token launched on Solana by the late John McAfee’s official handle on X. Promoted as an “AI version” of McAfee himself, the token’s launch has come under scrutiny for its unusual pre-launch distribution and massive sell-offs, hinting towards pump and dump scheme.
According to Bubblemaps, McAfee’s official Twitter handle (@officialmcafee) transferred 90% of the token’s supply to multiple addresses before the official launch. On January 7, the token deployer, identified as “VirUs,” began distributing 60% of the total supply to 218 wallets. By the time the token launched, 287 wallets held 90% of the entire supply.
As the token went live, 60 of these wallets dumped $AINTI, netting $1.5 million in profits. Shockingly, insider wallets still control 71% of the remaining supply. With only 1.6% of the supply allocated to liquidity pools, the centralized concentration of tokens raises concerns about transparency and market manipulation.
Stark Reminder for Investors
What makes this situation even more unsettling is the risk inherent in distributing tokens pre-launch. Typically, this could allow unauthorized wallets to establish liquidity pools and initiate trading early. However, the coordinated behavior of these wallets strongly suggests they belong to the project’s team.
Minted just 16 days prior, $AINTI’s distribution strategy appears designed to favor insiders at the expense of retail investors. While the token’s branding may intrigue McAfee’s followers, its questionable practices underscore the need for caution.
This case serves as a stark reminder for investors to prioritize due diligence, as even high-profile projects can harbor red flags that jeopardize their credibility and fairness.
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