Insider control and manipulation found on Graphite Protocol ( $GP) 🚨 The top 20 wallets hold 27.25% of the supply. Biggest bags are: – 7nbz…Rtj: 13.16M GP (8.78%) – Hked…WEa: 11.77M GP (7.85%) – GpUm…yLd: 4.83M GP (3.22%) Only 21% of supply is circulating. The rest (79%) is locked. Team vesting is 18.7%, which is massive insider leverage, and the 5% for private investors can be changed to the team. The buy-back system is another gift to insiders. The team controls it, funded by 7.6% of fees (~$103k/day, $37.7M/year). Documented purchases include 4,366 SOL ($880k) They decide when and how to buy, holding all the privileged information. Some shady moves: – July 8, 2025: the wallet that deployed GP funded another that launched $EIDO, a project never disclosed. – Large BONK wallets (21% of supply) allegedly dump to CEXs, nuke $GP and $USELESS, then buy back low before rotating profits into new pumps. – One whale put ~$900k into GP and dumped with a six-figure loss in under 24h. Another put in ~$270k and did the exact same. Trading patterns scream manufactured volume: – $6M–$11M daily volume in July–August – Single trades up to $171,848 on Meteora DEX – Thousands of trades clustered around the Poloniex listing on July 25 – Volume spikes before and after listings Top 100 wallets hold 57% and even added 0.9% in a single day while exchange reserves dropped 22%. Even the team admits “confusion” over tokenomics and that the website was rejected for lack of clarity. If you buy this, you’re sitting at a table where the house writes the rules. Stay away.