🚀 The team behind rapper Sexyy Red's PRESI token purchased more than 90% of the token's total supply at launch, according to a ZachXBT post. The PRESI token rapidly rose in value, going from 0.000045 Solana (SOL) to 0.01 SOL per coin in the first 75 minutes after launch, and then falling by more than 50%. According to ZachXBT, the sudden price increase is partially due to the team's massive purchases of the token. What do you think of this strategy? Comment below. 👇