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Like this project, But suspicious wallets? Any ideas?
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Hello all I found a project I really like, and the whitepaper looks legit, the github is being active and getting updates. The team is undoxxed at the moment. The team does appear to know about the coding and software involved in the process. The project is currently on BSC and claims that by end of year, the mainnet will be launched and a token for coin swap will be available. Again i really like this project and their vision, but the wallet addresses has me spooked AF.

While researching the BSC wallet addresses I found that the LP appears to be locked, burn address is as promised. No single wallet holds more than 2% of circulating supply - HOWEVER - in the top 50 wallet holders i noticed a disturbing trend.

Most of the wallets in the top 50 have transactions for all exactly 4.6million tokens to be purchased sequentially around the same time. So they appear to be owned by the same individual or an army of bots. yesterday while browsing the wallets I noticed one of the wallets that has many of these 4.6mil multi transactions - it had sold identical amounts of 2.3mil tokens several times.

Another wallet with these 4.6mil transactions i also found is an LP provider for the project. The main LP provider for the project DOES APPEAR TO BE LOCKED - the main LP provider has approximately 50% of the LP I believe. The LP provider shown here is not the main LP provider.

Thank you for reading, any ideas on this situation?

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3 years ago