Another memecoin launch, another insider dump. 🚨 A wallet reportedly linked to a former BNB Chain employee allegedly deployed $ASTEROID and used four newly created wallets to scoop up 796.7M ASTEROID --- about 79.67% of the total supply—for just $10K.
Not long after, the wallets sold 718.8M
#ASTEROID for 1,103 BNB (around $638K), walking away with an estimated $628K profit.
If the on-chain links are accurate, this is another example of how insiders can dominate a token's supply before dumping it on the market.
Wallets:
0xDF99Efc99671195F08f6b14E29Bbe96699289481
0xa0b9AD5aE7Db2Ba7D01808C732BCF12f1A5241dB
0x5EB3876F53BB94d00D5B773091A3B1B89eC445ad
0x75680E9bB52986A2013aD9A9c9e82351cfe05ef7
Note: The claim that these wallets belong to a former BNB Chain employee should be treated as an allegation unless independently verified. On-chain activity can show token deployment and fund flows, but it does not, by itself, prove a person's identity. but CZ clears that he is a scammer already.