Egypt Cat ($SPHYNX) Launch Marred by Insider Manipulation!

In a highly controversial move, an insider orchestrated a massive buy-in using 10 newly created wallets, securing 496.2M $SPHYNX, which is 49.62% of the total supply, within seconds of the token launch.

Key Details:

Wallet Creation: 10 new wallets were set up just 1 hour before the token's launch.

Funding: These wallets were funded by withdrawing $SOL from Binance.

Purchase: The insider spent 3,890 $SOL ($670K) to buy 496.2M $SPHYNX immediately as trading opened.

Distribution: The insider then dispersed the 496.2M $SPHYNX across nearly 300 wallets, potentially to mask their activities and distribute control.

Wallets Involved:

5RK194ueFY4aonGmhdN3eijAUvEjaoYQFk5vTVM9s5W6

4hGL2GUgced4pTtFhdkNDngK3DzZx536WRsFGusY9RB6

7LZn2HAi7rEv1dMU83hMaTEZG62wv7FhvWRaRbm5j6T5

G9XEhzYaPjSNDPTTiTxeP2c396Jbw5yEENSbq9mkYjK6

CeaVHXxqEDWmoVhMbZzDNV4T2kkYB8YcvNacgZaKFwpy

5Dk6yJ6bSJyce2hoMUQYSN32c4QbidoQEA6hXiRbTjK6

FPdgXJe8Zc6FyQMc2Lh5rBm5xdAvitisrfwHtAKikbH2

7tEgMSewjRnA5WvwMxYFZfpd5tWPkX8TPVHyRJc14Xzy

CqqiStteUAkMoXUDUMAjxaX6GdwuJk2op4XNPVbYFAno

EHgmi47zMzxgEdwkzZeuQii4VqfHbAdhTPcg3FDFhBDy

Implications:

This significant control over the token supply by a single entity raises concerns about market manipulation and the fairness of the $SPHYNX launch, leaving many questioning the legitimacy and future stability of the token.