De-fi
UFC Fighter Khamzat Chimaev’s Solana-Based Crypto Token Drops 94% Amid Insider Trading Allegations – Crypto News
Khamzat Chimaev, a UFC fighter and Russian freestyle wrestler, has launched a Solana-based cryptocurrency token called ‘Smash’
Khamzat Chimaev, a UFC fighter and Russian freestyle wrestler, has launched a Solana-based cryptocurrency token called ‘Smash’.
Following its promotion, the token experienced a dramatic drop of 94%.
Allegations of insider trading have surfaced, with claims that insiders and developers control over 78% of the token’s supply.
Crypto analyst ZachXBT criticized Chimaev’s team for linking team wallets with insider wallets, suggesting incompetence and potential manipulation.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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