According to Foresight News, insiders have been selling the Meme token MAGA on Ethereum. These insiders have reportedly spent 5.35 ETH (approximately $19,586) to purchase 140.4 billion MAGA tokens from 22 wallets, which accounts for 33.37% of the total supply.

So far, these insiders have sold 79.9 billion MAGA tokens for a price of 320 ETH, which is approximately $1.05 million. The remaining 60.5 billion MAGA tokens are valued at over $9 million. The transactions and the subsequent sales have been monitored and reported by Lookonchain.