PANews reported on July 2 that the internet celebrity rapper Sexyy Red launched the PRESI token earlier today, citing a post by @shrebobo, which stated that a trader bought $3,664 of PRESI at the lowest point and sold it at $57,000 during the first surge.

Chain sleuth ZachXBT said on the X platform: “It’s ridiculous that your team actually snapped up around 90% of the total supply of PRESI in the presale. Not to mention that you launched another token an hour before this, and they also snapped up 82%. The integration address of the first token is: JDnRDDvjgBFdAxPyyFbNfxuri2kUsS4WWxAKUZJKjCns. The post you just quoted about the address that sold $50,000 in tokens is also likely from your development team, as they snapped up and obtained new funds from ChangeNow at the exact same time as you, the deployer.”

After checking, SexyyRed has 1.7 million followers on the X platform.