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Controversy Surrounds SatoshiVM's SAVM Token Issuance Due to Dominance of Few Wallets in Initial Supply

Controversy Surrounds SatoshiVM's SAVM Token Issuance Due to Dominance of Few Wallets in Initial Supply

CointimeCointime2024/01/25 11:36
By:Cointime

SatoshiVM's SAVM token has caused controversy in the crypto community due to a small number of wallets holding a significant portion of the initial token supply, which was quickly sold after launch. The protocol claims to be a Bitcoin layer 2 powered by zero-knowledge rollup technology, allowing for settlement without sharing extra data with network validators. Despite the controversy, SAVM tokens have remained popular among retail traders, with prices ranging between $7 and $14 since its launch on January 19th. The SatoshiVM team has yet to respond to accusations, but will hold a community ask-me-anything session on Thursday.

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