According to @bubblemaps, a cluster of 11 wallets holds 9% of the PIPPIN token supply (source: @bubblemaps, Dec 16, 2025). According to @bubblemaps, these wallets are linked through Bitget based on funding connections (source: @bubblemaps, Dec 16, 2025). According to @bubblemaps, coordinated PIPPIN outflows and funding patterns indicate the wallets are likely controlled by a single entity (source: @bubblemaps, Dec 16, 2025).