According to TechFlow, three days ago, Three Arrows Capital (3AC) launched a Meme fund called $3AC. @bubblemaps users found that 80% of the supply is concentrated in a single cluster.

The on-chain trajectory shows that the team raised 750 ETH (about 2 million US dollars) from about 25 investors in a private pre-sale. The participating wallets are closely associated with the bobocoineth team, the Milady team, etc. 3AC allocated 50% of the supply to itself at the creation of the token and charged a 1% tax on each purchase and sale. The tax flows into a tax wallet that has accumulated more than 7% of the total supply.

Pre-sale participants have already started receiving distributions of 3AC tokens, ranging between $25K and $100K per wallet. Less than 25% of pre-sale participants have sold their first 3AC distribution. Buying the token means placing trust in a small group that controls over 84% of the supply.