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TechFlow, August 21 — Coinbase executive Conor Grogan posted on social media stating, "In my estimation, at least 94% of YZY tokens are held by insiders; 87% of the tokens were held in a single multisig wallet (now distributed across multiple wallets); over 3% of the tokens were purchased via a single large transaction at market launch by multiple (pre-prepared) wallets; and more than 7% of the tokens are in liquidity pools."
Coinbase executive Conor Grogan posted on social media, saying, "In my estimate, at least 94% of YZY tokens are held by insiders; 87% of the tokens were held in a single multi-sig wallet (now distributed across multiple wallets); over 3% of the tokens were purchased through a single large transaction at market open by multiple (pre-prepared) wallets; and over 7% of the tokens are in liquidity pools."
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