Content Index
Toggle
248 KOLs Received Tokens SAVM from SatoshiVM Project
More than half of KOLs may have sold SatoshiVM (SAVM)
KOLs Clarify: Still Optimistic about SatoshiVM (SAVM)
248 KOLs Received Tokens SAVM from SatoshiVM Project
On the evening of the 19th, online detective ZachXBT posted a message stating that the Bitcoin ecosystem ZK Rollup project “SatoshiVM” is sending SAVM tokens to a large number of KOLs.
Many projects often rely on KOLs to help with marketing and promotion, in order to generate a certain amount of hype.
(
Bitcoin native EVM compatible Rollup SatoshiVM, a step-by-step guide on how to enter the cross-chain ecosystem
)
Advertisement – The article continues below
ZachXBT stated:
Remember, when a large number of KOLs with a significant number of followers start promoting a specific project at the same time, it is likely because they have received token allocations from the project, and they view you as potential buyers.
ZachXBT specifically named five KOLs:
@ThorHartvigsen
:76,000 followers
@wacy_time1
:107,000 followers
@nuhbatuhann
:52,000 followers
@murtazasats
:23,000 followers
@Cryptoinsightuk
:23,000 followers
On-chain institution Lookonchain also pointed out that as many as 248 KOLs have received tokens from the project.
More than half of the KOLs may have sold SatoshiVM (SAVM)
Lookonchain pointed out that SatoshiVM transferred 1,217,000 SAVM tokens (worth approximately $10.5 million) to the wallets of 248 KOLs, accounting for 11.5% of the total supply.
Currently, these 248 addresses hold only 483,000 SAVM tokens, while 734,000 SAVM tokens have been transferred or sold.
The official statement from SatoshiVM only mentioned that they will provide “something” for testnet users and early supporters, and urged users to stay alert for the release of the SatoshiVM alpha mainnet, and not to be deceived.
KOLs Clarify: Still Optimistic about SatoshiVM (SAVM)
Thor Hartvigsen
mentioned the following in his tweet:
He is a seed round investor in SAVM.
Still optimistic about SatoshiVM attracting a large amount of liquidity in the BTCFi field.
He sold SAVM at $6 because the costs of many IDOs and secondary markets were below $1.
He has bought back all positions at $12 and does not want to hide anything.
He has received over 20 messages cursing him to death and will take a few weeks off.
SatoshiVM
SAVM
ZachXBT
Bitcoin ZK Rollup
Further reading
Online detective ZachXBT announces temporary departure from Twitter, major public chains see the rise of ZachXBT meme coin
Misuse of public goods? Considering the sustainability of Web3 public goods from the perspective of Optimism funding projects.