Peter Saddington’s associated address is suspected of accumulating 250.3 million WEN at $3,268, with a current holding value of approximately $2.3 million.

ForesightNewsJul 12, 2026
#DeFi WEN-1.10%
According to Onchain Lens investigation, 13 wallet addresses bought a total of 250.3 million $WEN on Robinhood Chain within minutes of the $WEN token going live, spending only about 1.877 WETH (approximately $3,268). They then transferred 100% of their holdings to the wallet address petersaddington.eth, associated with early Bitcoin evangelist Peter Saddington (@AgilePeter). This address currently holds 25.03% of the total $WEN supply, with a current holding value of approximately $2.3 million.

On-chain data shows that the aforementioned 13 wallets received initial funds from CEXs (12 from Binance, 1 from Gate) 3 days ago, then cross-bridged to Robinhood Chain via Relay or Across Protocol. The amount of $WEN transferred to Peter's wallet in a single transaction ranged from 16.8 million to 19.9 million. Additionally, an associated side wallet has begun selling $WEN in small amounts at market price. Currently, the on-chain liquidity for $WEN is only $269,000, while the value of the holdings in this address is approximately 8.5 times the on-chain liquidity.

[Foresight News]

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Peter Saddington’s associated address is suspected of accumulating 250.3 million WEN at $3,268, with a current holding value of approximately $2.3 million.

ForesightNewsJul 12, 2026
#DeFi WEN-1.10%
According to Onchain Lens investigation, 13 wallet addresses bought a total of 250.3 million WEN on Robinhood Chain within minutes of the WEN token going live, spending only about 1.877 WETH (approximately $3,268). They then transferred 100% of their holdings to the wallet address petersaddington.eth, associated with early Bitcoin evangelist Peter Saddington (@AgilePeter). This address currently holds 25.03% of the total WEN supply, with a current holding value of approximately $2.3 million.

On-chain data shows that the aforementioned 13 wallets received initial funds from CEXs (12 from Binance, 1 from Gate) 3 days ago, then cross-bridged to Robinhood Chain via Relay or Across Protocol. The amount of WEN transferred to Peter's wallet in a single transaction ranged from 16.8 million to 19.9 million. Additionally, an associated side wallet has begun selling WEN in small amounts at market price. Currently, the on-chain liquidity for WEN is only $269,000, while the value of the holdings in this address is approximately 8.5 times the on-chain liquidity.

[Foresight News]

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