UFC Fighter Khamzat Chimaev's Solana-Based Crypto Token Drops 94% Amid Insider Trading Allegations

Khamzat Chimaev, a UFC fighter and Russian freestyle wrestler, has launched a Solana-based cryptocurrency token called 'Smash'.

Following its promotion, the token experienced a dramatic drop of 94%.

Allegations of insider trading have surfaced, with claims that insiders and developers control over 78% of the token's supply.

Crypto analyst ZachXBT criticized Chimaev's team for linking team wallets with insider wallets, suggesting incompetence and potential manipulation.

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