Professional wrestler Khamzat Chimaev's SMASH tokens were bought by his team by more than 78% of the supply

According to Odaily Planet Daily, on-chain detective ZachXBT said that the SMASH token issued by professional wrestler Khamzat Chimaev was bought by his team for more than 78% of the supply. Further analysis confirmed that 71% of the insider and development team wallets are directly linked because these wallets are funded by the same address on Ethereum.