Brett's Whitelist Address Holds 18.6% of Supply, Some Addresses Make 30,830x Profit

Brett's Whitelist Address Holds 18.6% of Supply, Some Addresses Make 30,830x Profit

Brett's whitelist address, which holds over 18% of the total supply, has been a topic of discussion among crypto enthusiasts. On-chain data analytics provider, Lookonchain recently revealed that this address contains more than 1.86 billion BRETT tokens, accounting for 18.6% of the total supply. This amounts to approximately $163 million at current market prices. The report also highlighted that the addresses associated with the whitelist bought 8.16 billion BRETT within an hour after liquidity was provided. Some of these tokens were later distributed and sold, resulting in significant profits for some individuals. It was discovered that two specific addresses purchased 172 million BRETT tokens for 0.034 ETH (about $102) and subsequently sold a portion of them. This resulted in a remarkable profit of 30,830 times their initial investment. When Brett was first launched, it included 139 addresses on its whitelist. These addresses were granted access to purchase BRETT tokens before the general public. It's worth noting that the concentration of such a large percentage of the supply in a single address is a topic of debate in the crypto community. Some argue that it could potentially give the holder undue influence over the project's direction, while others believe that the holder may be a long-term supporter with no malicious intent.