Base Ecosystem Head Meme Coin $BRETT was revealed by the community today. This project, which was supposed to be launched fairly, turned out not to be so. In fact, before the project was launched, 81% of the token supply had been divided up by insiders. What you think is fair is actually superficial.
Original text from @shady_oak1 , compiled by Followin :
This post will explain why the Base ecosystem’s top meme coin $BRETT was not actually launched fairly. In fact, insiders held over 81% of the supply before most people could buy $BRETT tokens.
For example, someone like @InvestWithRex made nearly 1,600 ETH from tokens purchased during the whitelisting phase for marketing purposes.
Just yesterday, @artibian_maxi pointed out that when $BRETT launched, there was a short period of time when only whitelisted wallets could buy the token. I dug into it and found that the whitelisted addresses were sent to the builder when the contract was created. 
By looking at the end of the transaction data, you can see all the wallets that were whitelisted when the $BRETT token was deployed . The total number of whitelisted wallets is 139, of which 108 addresses purchased $BRETT tokens during the whitelist period.
I took the time to list every transaction made by the whitelisted wallets before the transactions were made public and the results are pretty crazy. Over 81% of the supply was held by these wallets before anyone else could buy it. See those transactions here: https://metasleuth.io/result/base/0x1cb50e24416b75c4926d9bc312e0c4a5b206e9a63ba1c9d1d101e185330f5f14?source=ef13401e-2504-45c8-b367-b1f555b6ced6 
InvestWithRex is a TikTok influencer who has been promoting the token for a fee. He promotes the content on his TikTok and Telegram channels.
Whitelisted wallets sent nearly 2% of the supply to InvestWithRex. He dispersed those tokens to new wallets before selling them off, and then sent them back to all BRETT wallets. I created a chart where you can see all the transactions: https://metasleuth.io/result/base/0x148ac507bb2f1e30441548f19df79edfc57021a0?source=3212becb-538b-46ee-8d29-59bf3c0a2a70 I found a screenshot of his profit in his wallet for some of the coins he had made. While he had masked the token amounts, he did not mask the sales value or conversion rate. I simply did a conversion and found the wallet that contained that amount of tokens. Example:
All his wallets point to his MEXC deposit address: 0x75a69e3cfc668f7eb038adb59bed30dd58987fb8
You can be sure it's his because his main wallet also sends funds here.
His MEXC address helped me figure out that he received a large amount of tokens for promotion. His address:
BRETT: 0x148ac507bb2f1e30441548f19df79edfc57021a0
EMERALD, DCI, and RING: 0x1e2a55a668a4E050bDa88205C532acD75be760A8
DGI: 0x3f5ed7e76bffa1227409e82da30ea13e019696e2 
He secretly promoted all of these tokens on TikTok and Telegram without disclosing them, as shown in the following screenshot: 
I cursed him in his telegram today, and he banned me directly: 
So you should understand, don’t believe everything you see. While there are a lot of people who can actually win memecoin by scanning contracts and sniping all day, most of the people you see showing crazy yields are insiders or people who want to dump on you.
Don’t let FOMO influence you and make irrational decisions. Stay on track and trust what you see on the chain, not what you hear on Twitter. Act at your own pace.
