Shocking Revelation: Dominant Control Uncovered in TRX Token Sale! π¨
A deep dive into the original token sale of
$TRX has brought to light some truly eyebrow-raising findings regarding the distribution of its initial supply. The analysis focused on the Top 20 wallets and the substantial portion of
$TRX tokens they received.
The Big Reveal: It appears that a staggering 98% of the total
$TRX token supply was concentrated within a select few wallets. Specifically, out of the top 20 wallets examined, a remarkable 17 were found to be controlled by a single entity. π€―
The initial deployment and allocation of the massive 100 billion
$TRX tokens are attributed to an organization with alleged strong ties to China and the CCP. This entity, previously identified as "lingling/MultichainDev" and linked to numerous other protocols, is reported to have received these tokens directly.
Further investigation suggests that the primary recipient wallet for these tokens was initially funded by another wallet directly owned by this same organization. This entity is also reportedly connected to Wanxiang, the team credited with funding Vitalik Buterin and the Ethereum Foundation's initial wallets, as well as several other crucial Ethereum contracts.
These findings raise serious questions about the early concentration of power and influence in the
$TRX ecosystem. π€
It's a lot to take in, isn't it? Definitely makes you wonder about the early days of some of these projects! β¨
It's also come to light that in an attempt to appear more affluent for a Billionaires list, Justin Sun reportedly provided Bloomberg with proof of ownership of 60 billion TRX. The catch? The total supply is only 95 billion! So, in essence, he freely admitted that one individual controls nearly two-thirds of Tron! π And to top it all off, he's now reportedly suing Bloomberg for reporting this ratherβ¦ transparent disclosure. π€¦ββοΈ
These other findings, taken together, raise serious questions about the early concentration of power and influence in the
$TRX ecosystem. π€