Blockchain investigator ZachXBT has raised concerns about the recent launch of the PRESI token, spearheaded by popular rapper Sexyy Red.
According to ZachXBT, Sexyy Red’s team allegedly purchased approximately 90% of the total PRESI supply during its presale.
The controversy does not stop with the PRESI token. ZachXBT also highlighted a previous token launched an hour before PRESI, of which the same team reportedly acquired 82% of the total supply.
He further identified a specific consolidation address ending in “jCns” where these tokens were stored. This address currently holds around 82% of the total supply of the previous token.
ZachXBT further suggested that the post claiming a $57,000 sale of PRESI tokens was possibly made by the development team itself. He pointed out that the wallet address associated with this transaction received fresh funds from ChangeNow simultaneously with the token’s deployment.
With 1.7 million followers on platform X, Sexyy Red’s influence in the music and social media space is substantial. This has been escalated by the removal of a post that she made requesting the PRESI token. Sexyy Red’s team has yet to respond to these allegations.
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