News

$VERSE Becomes Most Sold Token by Smart Money Despite Tight Supply and Strong Accumulation

June 11, 2025
0

In a dramatic turn of events after its blockbuster launch, $VERSE—the token behind the Verse World metaverse—has drawn a surprising amount of both buying and selling interest from some of crypto’s most data-savvy wallets.

Stalkchain, a new on-chain analytics platform, tells us that smart money has been selling off $VERSE in very large amounts over the past 24 hours, while at the same time, other influential addresses have been accumulating it.

The community is debating the contradictory flows and asking, “What’s the project really worth?” A seeming bond between the currency and something called USDC is diversifying outward and upward—in both value and reach, it would seem. But why? Blockchain has peered into the project and found an incredibly tight token distribution—that is, a distribution as far from “decentralized” as it’s possible to get without a total reserve. Just a little over 14% of the total token supply is in circulation; that’s about 5.5 times more than what has been reported over the past year.

Smart Money Is Both Buying and Selling $VERSE

$VERSE has had a dizzying few days since its launch. It rose over 30,000% and briefly hit a fully diluted valuation of $1 billion. But that heat has come with volatility. Stalkchain seems to suggest that while high-tier addresses are doing plenty of buying (impressive buy-side activity), it seems as if they might be front-running the smart money that has in the past 24 hours been aggressively selling the token.

Some of the largest accumulators are:

  • A wallet that holds $365.38 million worth of tokens is in the top 100 on the VERSE leaderboard.
  • A wallet that has a balance of $1.26 million in $VERSE is in the top 100 on the VERSE leaderboard.
  • A user that is in the top 100 on the VERSE leaderboard for trading uses a trading bot called Maestro and has allocated $794,000.
  • A trader that is in the top 100 on the PNUT leaderboard holds $602,000 worth of tokens.
  • An address that is well followed holds $584,000 worth of tokens.

This blend of substantial buying and considerable profit-taking underscores a trend in very new tokens: early investors tend to pile in, while others rapidly reallocate to take advantage of the buzz. Whether this churn resolves into calm or morphs into another speculative wave will probably decide the next chapter in the $VERSE story.

Token Supply Locked Down – Just 3.29% in Circulation

Even though sell pressure is present, one of the most striking characteristics of $VERSE is that so little of its supply is actually out in the market. Of a 1 billion token maximum supply, only 32.9 million $VERSE (around 3.29%) is actually in circulation. This very low circulating supply means price action can swing anywhere from sharp up to sharp down, and early buyers can wield a considerable amount of influence.

This is how the balance of the supply looks:

  • Right now, the Raydium LP has 20 million.
  • Meteora has 5.9 million in its LP.
  • 7 million are going to the LP of the Whirlpool program.

Another 9.56 million $VERSE is held in a program-derived address (PDA) that users can’t access. 50 million tokens are reserved as centralized exchange (CEX) liquidity in a locked contract. 40 million strategic sale tokens are stored in a multisig controlled by the @SquadsProtocol. A huge 725 million tokens are locked away in team, community, and treasury wallets.

In total, a stunning 596.7% of $VERSE tokens are not yet circulating, making the tokenomics super tight — and arguably super attractive for traders hunting for explosive upside with a low available supply. But this also means that until a broader distribution unfolds, high volatility is pretty much guaranteed.

Social Media History Raises Transparency Questions

On paper, the fundamentals of Verse World — a metaverse platform constructed in Unreal Engine 5 and backed by major partners like Toyota and BYD — seem sound. But there’s one red flag that analysts are starting to spotlight: the @VerseWorld X (formerly Twitter) account’s history.

The account had previously used the following names while it was undergoing the same activities it is currently involved in, according to blockchain sleuths:

1. Notorious8409

2. GATEWAY

3. TWITCH

4. PISSHUNT

1. Estate Verse

2. World Verse

3. Cybersamurai NFT

4. Bbbysol

5. Spl20 Bitcoin

6. Vinny Solana

7. Droids Solana

8. Soul on Sol

9. Solaire on Sol

10. Undead Pepe Sol

Although it is not unusual for crypto projects at an early stage to rebrand, the many and various names this project has used — including a few associated with some now-defunct Solana-based NFTs or meme coins — have caused some to wonder just what this project is all about and what it’s been up to.

While the development of Verse World has apparently been going on for over two years, and though the team says it is backed by Lydian Group (Cointelegraph’s parent company), concern over transparency and continuity is raised by these breadcrumb legacies.

Final Thoughts: Hype Meets Hesitation

The token $VERSE is one of the most observed this week. It has been rapidly rising and is a part of an ambitious VR metaverse platform that has gained serious traction lately. Nevertheless, smart investors have recently been selling it off, and the token’s social media history leaves much to be desired. Thus, we have a situation where the smartest money is selling a token that has serious structural issues.

Whether $VERSE cements itself as a long-term metaverse contender or fades into the ranks of short-lived pumps will depend on what comes next: sustained development, product delivery, and community trust.

Until that time, investors need to keep their eyes peeled — both in the metaverse and on-chain.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Prev Next
No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *