Suspicious wallet 0xfdac (related to the SatoshiVM team) moved 84,700 SAVM ($1.2M) to 19 new addresses, of which 65,659 SAVM ($717K) have been sold to 313 ETH in the past 7 hours:

• address: 0xfdacf3cd45bca65e1a5c4a076bea6e44efe7e920
• This address belongs to the SAVM Insider entity

Notably, most of these 19 new addresses are funded with 0.1 ETH from address 0x53f; hence, they likely belong to the same person.

• address: 0x53f07E235034a869eEC8265E0cB120C55Cc558D4

Overall, wallet 0xfdac:

• received a net amount of 420K SAVM ($4.7M) from the SatoshiVM team wallet;
• has sold 129,417 SAVM for 524 ETH ($1.29M) at $9.996 on average;
• currently still holds 230,300 SAVM ($2.38M);
• was grouped into the entity of 12 suspected SAVM insider wallets by Spot On Chain. There are still 4.24M SAVM ($45.8M) left in the entity; and some wallets may directly belong to the developer and may have allocations for various purposes.

Fig 1. Suspicious wallet 0xfdac has sold 65,659 SAVM ($717K) out of 84,700 SAVM ($1.2M) so far.

Fig 2. Suspicious wallet 0xfdac moved 84,700 SAVM ($1.2M) to 19 new addresses for sales.

Fig 3. The 12 suspected SAVM insider wallets still hold 4.24M SAVM ($45.8M).