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Since it’s been revealed that the Palu incident was an internal test, things just got interesting.
Here’s an approach to verify this:
Pull up the top 100 holding addresses before launch, then backtrack to the deposit wallets on exchanges—unless they used coin mixing and isolation for every single transaction, it should be possible to trace all the involved accounts using on-chain data.
The most ridiculous part is that several official accounts went crazy posting Palu memes and merch after launch, and you’re telling me they didn’t buy any tokens themselves? I just don’t buy it.
On-chain data doesn’t lie. Now it’s just a matter of whether anyone is willing to spend the time to dig into it.