"The majority of Khamzat Chimaev's Smash (SMASH) cryptocurrency is held by insiders and developers, raising concerns about insider trading, reports blockchain researcher ZachXBT. Smash is a Solana-based memecoin launched by popular UFC fighter Chimaev. Up to 78% of the supply of Smash tokens has been purchased wallets associated with insiders and developers, raising concerns about price manipulation. The price of the Smash token has fallen more than 91% over the past day, trading above 0.004 Solana (SOL), or $0.53 per token.