Meme coin MAGA 3.6% of holding addresses hold nearly 66% of tokens

Odaily Odaily News According to the monitoring of on-chain analyst @ai_9684xtpa, the market value of Trump-themed Meme coin MAGA is nearly $500 million in 11 days, and the price of the coin has increased by 619% in 7 days. At present, each network has a token with the same name as MAGA. In order to avoid ambiguity, this tweet is aimed at MAGA on the Ethereum network. The token contract is 0xD29DA236dd4AAc627346e1bBa06A619E8c22d7C5, which does not constitute investment advice, DYOR. Scopechat data shows that among the current 12,568 holding addresses, 3.6% of the addresses hold nearly 66% of the tokens, of which less than 1% of the head whale control nearly half of MAGA; the distribution is much more concentrated than TRUMP (the head whale only hold 28% of the tokens). For reference, the average cost of smart money to buy MAGA on DEX in the past seven days is $0.0000932, and the average cost of whale is $0.0001418. - Suspected insider trading addresses: MAGA has gained popularity in recent days, and the community has shared a lot of smart money. Among them, there are two addresses that need extra attention: MAGA's current Top1 & Top2 addresses, which hold a total of 12.8 billion tokens (3% of the total), worth $8.04 million. These two addresses are suspected to belong to the same person/institution, with very similar operations, and there has been no selling operation since the first day of purchase.