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Altcoin Launched in Memory of McAfee, in the Spotlight with Insider Trading Scandal - Coin Bulletin
**The name of the late entrepreneur and crypto enthusiast John McAfee has come to the agenda again with a newly created artificial intelligence token called AIntivirus (AINTI).
Janice McAfee, the wife of McAfee, announced that she took on the promotion of the project and aimed to continue the legacy of John McAfee with the token.
Janice McAfee, in a statement on social media platform X, used the words "I am excited to announce that I have taken creative control of a product that expands John's passion for crypto and artificial intelligence, representing his fundamental beliefs in freedom, privacy, and technology." Additionally, from John McAfee's 1.1 million follower X account, she also made the following post: "I am back; my AI version with AIntivirus is here. You didn't think I would miss this cycle, did you?"
However, the release of AIntivirus has sparked a lot of controversy. According to blockchain records, the token was produced in a total of 100 million units on January 6th. However, before the announcement was made, all of these tokens were distributed to 277 different wallets. This situation raised concerns about the transparency of the token's supply and distribution.
According to DEX Screener data, currently only 2.6 million tokens worth (1 million dollars) are in liquidity pools on decentralized exchanges like Raydium and Meteora. There is no information shared about whether the remaining tokens are subject to any lock-up period or can be freely sold. Additionally, no details have been provided about the project's economic structure (tokenomics).
According to the data published by Bubblemaps, AIntivirus token came to the agenda with insider trading suspicions. When the distribution addresses of the token were examined, it was determined that 90% of the total supply was sent to 287 addresses before the announcement of the project. Some of these addresses made sales of over 1.5 million dollars after the token was released to the market. Currently, 71% of the total supply is still held in these “insider” accounts.