[Analyst: mihao Developer Distributed Tokens to 22 Wallets, 12 of Which Have Now Liquidated] Odaily Planet Daily reports that crypto analyst The Smart Ape, writing on the X platform, stated that tracking the wallet transaction records of the mihao developer since the project's launch revealed that while the developer did not directly sell tokens, they distributed approximately 7% of the total supply of tokens to 22 wallets for free. These wallets subsequently sold during a period of large-scale buying, accumulating profits of approximately 2,620 SOL and $60,000. Twelve of these wallets have now liquidated their holdings. Two other wallets transferred SOL to the same address used by the developer when transferring personal funds. The report also stated that the mihao developer has accumulated approximately 650 SOL and $2,200 in creator fees since the project's launch, including 414 SOL in just two days, November 10th and 11th. In addition, a wallet tagged as a Pump.fun app transaction fee transferred $9,200 USDC to it. The developer also invested approximately 320 SOL in 19 other tokens, with 157 SOL used to purchase a token issued by its associated wallet, currently holding approximately 47% of that token's supply. Currently, the developer still holds approximately 30 million mihao, worth approximately $520,000, with another 54 million tokens locked until November 2027.