900 Wallets, $4M Missing: IRYS Airdrop Hit by Manipulation Claims

• 900 new Bitget-funded wallets claimed 20% of the IRYS airdrop.
• Users appreciate the airdrop but worry about growing manipulation claims.
• aPriori faced a large Sybil attack involving thousands of connected wallets.

The IRYS airdrop, one of the most talked-about token launches this month, is now under scrutiny after on-chain analytics platform Bubblemaps published findings hinting that a large portion of the distribution may have been claimed by coordinated Sybil wallets. 

They also shared new data showing that for 38 past tokens with major wallet clustering issues, more than half of the project teams listed the United States as their location, followed by Europe and India. 

Someone claimed 20% of the $IRYS airdrop

Using a cluster of 900 identical wallets funded just before launch

$4M already sold pic.twitter.com/Xas2AjZoxn

— Bubblemaps (@bubblemaps) November 28, 2…

Read The Full Article 900 Wallets, $4M Missing: IRYS Airdrop Hit by Manipulation Claims On Coin Edition.