The new token JUSTICE launched by the owner of internet celebrity Squirrel Peanut has a centralized supply, with 80% suspected to be controlled by internal groups
Foresight News reported that according to BubbleMaps monitoring, the new token JUSTICE launched by Mark Longo, the owner of internet celebrities Squirrel Peanut and Raccoon Fred, is strictly controlled, with 80% controlled by internal groups. Before announcing the token, Mark coordinated multiple sets of addresses to bundle the supply. In addition, the first 45 holders of JUSTICE received funds within a three hour window between 16:40:20 and 19:39:47 on November 24, 2024, from protocols or CEX hot wallets, indicating that one person or a small group of people controlled these wallets. Foresight News previously reported that Mark Longo, the owner of internet celebrity Squirrel Peanut and Raccoon Fred, has launched a new token called "Justice for Pnut and Fred (JUSTICE)" on the Solana blockchain to commemorate his pets. He also accused the crypto community of profiting from his personal trauma.