The SatoshiVM team denies the related accusations and plans to hold a community Q&A to respond

ChainCatcher news, according to CoinDesk, the SAVM token of SatoshiVM has attracted attention due to internal trading disputes just hours after its issuance. The market capitalization of the SAVM token once reached 90 million dollars after its release, but it soon sparked controversy.

According to on-chain analysis tool @bubblemaps, 15% of the token supply was sent to a few wallets, which are reportedly owned by market influencers who sold the tokens immediately after receiving them.

SatoshiVM claims that its protocol is a Bitcoin second-layer protocol that utilizes zero-knowledge convolution technology. Despite the controversy surrounding the SAVM token after its issuance, its price has fluctuated between 7 and 14 dollars since January 19 and remains of interest among retail traders. The SatoshiVM team has denied all allegations and plans to hold a community Q&A session on Thursday to directly address inquiries.