Blockchain analytics firm Bubblemaps has revealed alarming insider activity surrounding $AINTI token launched on Solana by John McAfee's official handle.
McAfee's handle transferred 90% of the token's supply to multiple addresses before launch, and insider wallets still control 71% of the remaining supply.
The token saw massive sell-offs, resulting in $1.5 million in profits and raised concerns about transparency and market manipulation.
Investors are cautioned to prioritize due diligence in light of this case and to be wary of projects that show red flags.