Peter Saddington Accumulates 250.3 Million WEN at $3,268

Thirteen wallet addresses purchased a total of 250.3 million WEN tokens on the Robinhood Chain within minutes of the WEN token launch, spending approximately 1.877 WETH (around $3,268). They subsequently transferred 100% of their holdings to a wallet address associated with early Bitcoin evangelist Peter Saddington, petersaddington.eth, which currently holds 25.03% of the total WEN supply, valued at approximately $2.3 million at current prices. The aforementioned thirteen wallets received initial funding three days ago, with twelve from Binance and one from Gate, and then cross-chained to the Robinhood Chain via Relay or Across Protocol. The amount of WEN transferred to Peter's wallet ranged from 16.8 million to 19.9 million tokens. An associated side wallet has begun selling small amounts of WEN at market price. Currently, the on-chain liquidity for WEN is only $269,000, while the value of the holdings in that address is approximately 8.5 times the on-chain liquidity.

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