Around 40% of the coin’s total supply was scooped up before Waka Flocka Flame announced the launch.
American rapper Juaquin James Malphurs, better known as Waka Flocka Flame, launched his FLOCKA cryptocurrency on June 17. Almost immediately after, insider trading allegations followed.
Suspicious transaction activity was raised involving a wallet that acquired roughly 40% of the coin’s supply and dispersed it to multiple wallets shortly after launch.
Related: Andrew Tate token surpasses MOTHER amid claims of insider activity