According to Foresight News, Scopescan monitoring found that the top two MAGA currency holding addresses 0x22fd (holding $4 million worth of MAGA) and 0x0fca (holding $3.96 million worth of MAGA) belong to the same entity. The address starting with 0x6b4b owned by this entity once spent 1.8 ETH to buy MAGA and distributed it to multiple addresses, many of which have since sold their tokens.