🥊 UFC contender Khamzat Chimaev's memecoin, Smash (SMASH), has taken a punch to the gut, with 78% of the supply held by insiders and developer wallets. This revelation, courtesy of onchain investigator ZachXBT, has raised concerns of price manipulation. The Smash token, which is based on Solana, has seen a 91% drop in value, trading at a mere $0.53 per token. It seems the Smash team might need to step into the ring and defend their reputation. Stay tuned for more updates on this knockout story! 💥