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We have only checked the top ten address under holders so far on BSCScan for Forestry.
One address (#2) is the burn address in which only 6% of the total supply has been burned.
Another address (#1) is the PancakeSwap Router
So there are 8 wallets in the top ten holders. We have found that 4 of those wallets, containing a combined 12% of circulating supply originates from the creator wallet, the dev wallet. These tokens are controlled by the same people, the devs of Forestry, and can be sold simultaneously crashing price and essentially rugging the project and taking investors funds.
Here are the wallets, and everyone is welcome to look for themselves, just trace the wallets back to the earliest transaction, you will see they all come from the same source.
Holder #1 PancakeSwap
Holder #2 Burn Address
Holder #3 - 0xbc1fcd33add26d46065e1d2c3799d6be00e729ee -
❗️TRACED TO DEV WALLET, PROOF ON BLOCKCHAIN ❗️
Holder #4 - 0x81c301d683091fd5563c130f4c6217cea27ee257 -
❗️TRACED TO DEV WALLET, PROOF ON BLOCKCHAIN ❗️
Holder #5 - 0x2d045410f002a95efcee67759a92518fa3fce677 - Token locker smart contract, controlled by devs
❗️TRACED TO DEV WALLET, PROOF ON BLOCKCHAIN ❗️
Holders #6-#9 - Early investors, could also be the devs
Holder #10 - 0x548e03c19a175a66912685f71e157706fee6a04d -
❗️TRACED TO DEV WALLET, PROOF ON BLOCKCHAIN ❗️
❗️LOSS OF MOST OR ALL FUNDS IS 100% POSSIBLE, ALL IS AT DEVS' CAPABILITY
Here is the link to the holders so anyone can confirm for themselves - https://bscscan.com/token/0x8c5a93Fa9BB2b0f396E80b51323767043C58E686#balances
We are conducting a full investigation, and these wallets are just the beginning. There will be more. Our preliminary findings have already been forwarded to WarOnRugs, because love them or hate them, they also are interested in publishing scams before they can harm people, and when they see they will help bring awareness.
With what we have already found here, we felt it was sufficient to starting warning investors. Please share this everyone, we don't want anyone to lose their funds. The devs can sell those funds in just the 4 wallets we have found and price would plummet 95%+. We must act quickly everyone.
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