Part 5/7:
Diving deeper into the on-chain analysis, the author tracked the transactions of top traders to decipher their strategies. One trader, identified as Neo, reportedly made $250k through carefully planned trades. His transactions revealed he had acquired a significant percentage of supply before seeing substantial profits. It appeared that these profitable trades were not random acts but calculated moves to benefit from Tate’s live promotion.
Comparisons with other traders indicated similar patterns, suggesting that while two individuals managed to dominate the token supply, others were unwilling participants in a larger game. The data indicated that a notable portion of the token supply was controlled by a select few, raising concerns about market manipulation.