Solana Game Token KINS Wallet Bought 4.7% of Supply Minutes Before Contract Address Reveal, Bubblemaps Says

Blockchain analytics tool Bubblemaps said a wallet bought 4.7% of Solana-based game token KINS’ total supply for about $127 shortly after the token’s launch, and the position is now worth more than $600,000 at current prices. According to Foresight News, Bubblemaps reported that the purchases were made by wallet address 49UUeT about two minutes before the project team posted the token’s contract address on X, raising questions about whether the timing was luck or based on inside information. KINS is the native token of Kintara, a Solana on-chain browser MMO game. The token officially launched on May 22 and its market capitalization briefly reached $15 million. The launch also drew attention from crypto KOL Ansem. Ansem previously said Kintara was adding about 7,000 new users in a single day, with servers remaining at full capacity, and that players could earn on-chain returns by selling in-game items and gold.