Overview

• The Solana-based coin spiked to about $0.19 before settling near $0.18, leaving it roughly 99% below its January all-time high around $13.
• Bubblemaps criticized the renewed promotion for not addressing prior sales from project-linked wallets and posted a public call-out on X.
• Analysts previously flagged roughly $30 million in sales tied to team wallets, with later reporting pointing to additional tens of millions moved and sold.
• CoinCentral reported that more than 92% of the token’s supply was held in team-controlled wallets during the period under scrutiny.
• Coverage ties the launch to strategist Hayden Davis and to tactics seen in the LIBRA token rollout, including single-sided liquidity maneuvers.