CoinCollect (COLLECT)

Market manipulation in low-float tokens is becoming more common every week, & @FanableApp $COLLECT seems to be following the same playbook

In the last two weeks, Bitget has received 53M tokens from team multisig wallets

0xb165FFC678B51dfD69ffd5d5d9A101C082Ff4199
0x9af3b45655b4208a6C4AdC93C124FDA447bcAdDE

With this, Bitget is now holding 5.32% of the total supply, more than all other CEX/DEX wallets combined

The float breakdown looks like:
- 91% held by team
- 2.61% CEX/DEX/MMs
- 5.3% Bitget
- 0.54% cluster

Few months ago, a cluster of 100 wallets funded by OKX bought 26M COLLECT tokens from PancakeSwap, sold some portion, but still holds 16M tokens

OKX wallet
0xf5988713400da6fc8a58ec9515e2b0df9b40b115

So more than 96%+ supply is being controlled, with Bitget holding a major portion of the available supply while the token is listed on Binance Alpha/Perp, which follows the same pattern seen in other heavily manipulated tokens

NFA, DYOR