Coinbase Executive Estimates: New Kanye Token is At Least 94% Held Internally

According to HashChain, Coinbase executive Conor Grogan stated in a tweet that up to 94% of the newly launched Kanye token is held internally. Previously, 87% of the shares were controlled by a single multi-signature wallet, which has now been distributed to multiple addresses. Approximately 3% were purchased in large amounts by several wallets at the token's launch, and another 7% were used for the liquidity pool.