The project says creator rewards are used to buy MAGA for distribution to holders, while whale-tracker data cited in the post indicates accumulation during a sharp early price rise.
A social media post says the newly launched $ETF token on Solana (high-speed blockchain network) rose more than 400% within a day of launch. The post adds that creator rewards are being used to buy MAGA, a separate token, for distribution to $ETF holders, suggesting a reward-sharing mechanism tied to token activity. It also cites whale-tracker data, which monitors large-holder wallet activity, as showing accumulation alongside a steep uptrend. The source provides no contract details, trading volume, market capitalization, or independent verification.