đ $ALCH INSIDER SUPPLY CONTROL PATTERN SIMILAR TO $PIPPIN DETECTED
On-chain data is starting to reveal a familiar setup in $ALCH, closely resembling the insider-controlled supply structure we previously documented with $pippin.
A wallet cluster linked to Byblt appears to be exerting significant control over circulating supply:
Cluster Overview
âą 8 fresh EOAs + 1 Bybit-related cold wallet
âą Coordinated accumulation behavior
âą Currently holding 38.7% of total supply
âą Equivalent to ~45.6% of circulating supply
Current Holdings:
âą 387,644,905.21 $ALCH
âą Value: ~$89.55M
âą No meaningful distribution detected despite the recent price expansion
This is the key signal.
Just like $pippin:
Supply is concentrated, not scattered
Price moves higher while insiders stay inactive
No urgency to distribute into strength
When a large portion of circulating supply sits inside a tightly connected cluster and remains locked during rallies, price becomes highly sensitive to marginal demand.
That doesnât confirm continuation.
But it clearly explains why price can move aggressively with relatively little volume.
As always, the trigger to watch is distribution. đ
