UPDATE: Jan 2024
WARNING: This is a technical read
A while ago I crunched the numbers for the WHACKD contract. At the time, I pushed the results to their telegram room but I figure Medium is a better place to store this for people to see and refer to.
The github repository contains the code to execute the following analysis at any time moving forward. If running the code is of interest to you I can help you get on-boarded.
Images of McAfee are from an AI model I made of John
Background
WHACKD, aka Epstein coin is a token that was the brainchild of John McAfee. He didn’t believe Epstein committed suicide in prison so he publicized his thoughts into this token, presumably as a statement to the elites that they are being watched. I like to think he was inspired by Julian Assange, Ed Snowden and other privacy and human rights activists that are willing to put their neck out into dangerous places in order to be heard.
John died while being detained in a Spanish prison on June 23rd 2021 awaiting extradition to the United States on charges that didn’t warrant that type of treatment. The circumstances were dubious, and people do not believe the narrative told to them about how he passed.
John had a couple other cryptocurrency projects that were more serious than WHACKD. He started by working with a developer to rebrand a dex they were working on to “McAfee Dex” which was alive and active for a timespan of about a year. Since privacy was one of his core values, John also created a privacy currency called Ghost but soon abandoned it because he wasn’t comfortable with the competence of the developers, who pretty much built McAfee dex as well as WHACKD token. He had hopes to release a privacy phone called Ghost Phone which the underlying currency would be ghost but It didn't really pan out like that.
Ultimately this dissonance with the developers lead to some data points and I thought it would be interesting to analyze WHACKD to see what might come up.
Upon witnessing, and subsequently looking at the data I noticed that a percentage of the airdrops went to airdrop farmers, aka, people who game the system to get more free tokens. I decided that it would be valuable to the community to know what extent this farming occurred and to give a perspective of how it affects the life of the token today.
I want to make a couple assertions: Although there is a definite observed dissonance between all of the early parties, the developers of switch and McAfee, this dataset does not imply anyone above of any wrongdoing nor is there evidence of such an activity. It would have been extremely easy to make a script that just calls the register endpoint endlessly with a new crypto address every time and suddenly you’ve made a airdrop farm. that airdrop site in particular was extremely easy to hack.
In retrospect I think that it was impossible for John to not know that the site had poor security, and perhaps he allowed it to happen, so the elite/savvy coders got a bigger share of the currency he issued.
Airdrops 1 and 2
There were many questions regarding the airdrops so I set out to answer them:
Purpose: Dig through the transaction history in order to answer the following questions:
— How many people were in the first airdrop?
— How many people were in the second airdrop?
— Who received whackd and spent it?
— Who received whackd to an uninitialized address?
— Identify the non airdrop transactions where WHACKD was sent from the dev account
I did the initial analysis on Feb 4th 2023 and conducted the second one, about a year later, on Jan 23 2024 I will refer to these as ‘23 and ’24. Some info may seem redundant but it’s important to understand that we have the same dataset so I included the redundant entries. It all comes off of the ETH blockchain, transaction histories are synced through etherscan.
NOTE: Along with the data I will speculate what, in my experience, caused a factor to occur. These are assumptions and not factual but the commentary kind of gives a context as to why I was looking for a particular piece of data.
Recipients
Airdrop 1
Q: How many recipients were in the first airdrop?
'23 37,098
'24 37,098
Unique first airdrop recipients
'23 34,813
'24 34,813
Total Airdrop 1 Tokens sent
'23 399,694,267.204686
'24 399,694,267.204686
Airdrop 2
Q: How many people were in the second airdrop?
'23 1,940
'24 1,940
Unique second airdrop recipients
'23 1,940
'24 1,940
Total Airdrop 2 Tokens sent
'23 224,766,837.035949717162
'24 224,766,837.035949717162The test above showed there is evidence of users who added large amounts of derived addresses to the airdrop form. These derived addresses were uninitialized, meaning they had zero ETH in them. We can guess the
amount of outstanding accounts because they remain uninitialized, and still hold their WHACKD.
We can also determine some other metadata about the token:
— airdrop transactions that were WHACKD, e.g. burned (every 1000th tx)
— transactions that were sent to the burn address
— non airdrop transactions where WHACKD was sent from the dev account
Additional metadata
'23, '24
Burned Airdrops: 36
'23, '24
Other Burned outgoing transactions: 40
- Q: Identify the non airdrop transactions where WHACKD was sent
from the dev account
'23, '24
Dev sends: 149Claimed Airdrops: Lets determine whether or not the airdrops were claimed:
Q: Who received a whackd airdrop and spent it?
Airdrop 1 (37,098 recipients)
'23 claimed: 14,843
'24 claimed: 15,026
Airdrop 2 (1,940 recipients)
'23 claimed ad2: 254
'24 claimed ad2: 269
Of the addresses an airdrop was received, which of these never had ETH in them?
We might conclude that the possibility of a nefarious actor / click farmer / bad guy is higher when the airdrop is sent to an uninitialized account.
To receive the airdrop, alot of people could have also just sent an anonymous address, but it is my belief that the bulk of these were created with a script designed to game the system. I was watching the team talk about how many recipients there were as it happened IRL, and there were about 9k recipients the night of the minting. At one point the number went from around there to 40k almost instantly. (I vaguely remember tweets saying 60k) In other analyses, of which I cannot recall at the moment, I estimated John McAfee’s reach to be around 9,000 actively engaged people.
In this metric we are looking at remaining uninitialized wallets. The sum for 2024 is 189,155,848 WHACKD remains in uninitialized wallets. Currently the supply is 620,939,413.4592824 and if you divide the two you can deduce that 30% of the supply remains in the hands of the unknown, and there is a high probability that many of these players are airdrop farmers.
Q: Who received whackd to an uninitialized address?
Airdrop 1
'23 uninited ad1: 16,076 totalling: 178,823,909 unspent WHACKD
'24 uninited ad1: 15,921 totalling: 177,155,993 unspent WHACKD
Airdrop 2
'23 uninited ad2: 297 totalling: 12,463,867 unspent WHACKD
'24 uninited ad2: 300 totalling: 11,999,855 unspent WHACKD
Technical note, disregard unless necessary: The data above varies slightly because the eth balance is checked at the latest block and a wallet that once had eth could currently have a ZERO balance as well as the opposite.
Dusty airdrops are accounts that show evidence of human use because they (currently) have small amounts of ETH less than 0.01. Because of this these wallets are unlikely to be scammers, and I believe that if they haven't sold the market tops, they either forgot about it or just hodl as a show of support for John.
Holders with wallets like this are either keeping their ETH elsewhere, like cold storage, and then fueling the account when they are ready to transact. I‘d guess that these accounts would tend to live in browser extensions.
Q: How many accounts hold a WHACKD airdrop and dust levels of eth?
Airdrop 1
'23 2,941 totalling: 24,854,543 unspent WHACKD
'24 3,018 totalling: 25,355,900 unspent WHACKD
Airdrop 2
'23 666 totalling: 20,713,225 unspent WHACKD
'24 695 totalling: 23,540,703 unspent WHACKD
On the other hand if an account has an amount of ETH that can make transactions plus are still holding an airdrop they end up here. These are the active accounts who are at liberty to dispose whenever convenient. But they haven’t which infers the token still has a value to the holder.
Q: How many active accounts currently hold a WHACKD airdrop? How Much?
Airdrop 1
'23 active ad1: 953 totalling: 18214886 unspent WHACKD, from legit addresses
'24 active ad1: 848 totalling: 16884093 unspent WHACKD, from legit addresses
Airdrop 2
'23 active ad1: 953 totalling: 18214886 unspent WHACKD, from legit addresses
'24 active ad2: 676 totalling: 78182221 unspent WHACKD, from legit addresses
Lets put the info from both airdrops into one and see what the totals look like:
TOTALS (from both airdrops combined)
198 people have claimed an airdrop since the last analysis
'23 Airdrops claimed: 15097 of 39,038
'24 Airdrops claimed: 15295 of 39,038
uninited airdrops show little action from this
category over the last year - 152 wallets.
'23 All uninited: 16,373 totalling: 191,287,776 unspent WHACKD
'24 All uninited: 16,221 totalling: 189,155,849 unspent WHACKD
dusty wallets increasing means some people are accumulating WHACKD
'23 All dusty: 3607 totalling: 45,567,769 unspent WHACKD
'24 All dusty: 3713 totalling: 48,896,604 unspent WHACKD
some people with active wallets have disposed WHACKD this year
'23 All active: 1676 totalling: 107,946,910 unspent WHACKD
'24 All active: 1524 totalling: 95,066,314 unspent WHACKD
Liquidity Providers
Here are the current Liquidity Providers. This list shows a dedicated bunch, willing to do their part in keeping the WHACKD pool alive.
2024 Data:
Eth Balance on contract: 3.787012415849764077
Whackd Balance on contract: 6,554,490.146312852964355095
UNI-V2 Balance on contract: 1367.747068233980424946
Active LPs
0x803b1c8af205cbbe5e38a7ef9873d73017c2fb62 375.95 UNI-V2 27.48%, 1.04 ETH
0x0128687783e76d08b2a7769a18b849e1781ac7b0 260.91 UNI-V2 19.07%, 0.72 ETH
0xeef869c9e492fcfcc984ded4fb63d2178d4a0761 243.89 UNI-V2 17.83%, 0.67 ETH
0xe07e487d5a5e1098bbb4d259dac5ef83ae273f4e 180.51 UNI-V2 13.19%, 0.49 ETH
0x17966f7e987a42d00a633fa0219fded049682406 50.75 UNI-V2 3.71%, 0.14 ETH
0x2958db51a0b4c458d0aa183e8cfb4f2e95cf6e75 31.90 UNI-V2 2.33%, 0.08 ETH
0x64426f4de43d9adf5ab4ce7b7022d4c2a24c11a0 23.98 UNI-V2 1.75%, 0.06 ETH
0x2bb58dabe2241e7b047be92c1cf0da00d72863d8 22.24 UNI-V2 1.62%, 0.06 ETH
0xf527875b0663dfef61b238ee26e8b9c49a6962d0 21.83 UNI-V2 1.59%, 0.06 ETH
0xfc3557d3ee3e3c9634ee1a285caca71171f38847 18.47 UNI-V2 1.35%, 0.05 ETH
0x85d136022dcf554d2850ea82d7e4162d2430b811 17.40 UNI-V2 1.27%, 0.04 ETH
0x625375a46ba245c5ecbd47bdb37e8bfc7a092974 14.92 UNI-V2 1.09%, 0.04 ETH
0x0b35811511049012fe83d9cdfd8cab7d2c80aaab 14.88 UNI-V2 1.08%, 0.04 ETH
0xa42ce0e92051f931e9e896036c471931443b5580 12.99 UNI-V2 0.94%, 0.03 ETH
0xaffd7502e17243a81ce40b8f18414fe2095804f9 8.70 UNI-V2 0.63%, 0.02 ETH
0x7089030dd9b127dd778f8cb71f42bb02c4b090ab 8.17 UNI-V2 0.59%, 0.02 ETH
0xfa7bbf97d733321d85f6e0a43006a231a6bcb849 7.77 UNI-V2 0.56%, 0.02 ETH
0x33b0aecd93de4b98f5b9496a21ae401027058554 7.33 UNI-V2 0.53%, 0.02 ETH
0x3538a2e3de961580f2c5fb64a4d90e282996592b 6.69 UNI-V2 0.48%, 0.01 ETH
0x5e84165af86bfbcde5ddc2bc8a35715374a5225a 6.27 UNI-V2 0.45%, 0.01 ETH
0x90d07d98fa496cdc09e0cea5ea2d0c902f1754e6 5.71 UNI-V2 0.41%, 0.01 ETH
0xe495d8f3e130c3983a21ec7501f229650d34577f 4.17 UNI-V2 0.30%, 0.01 ETH
0x08ca0cfb88533b312d24a60f3cc3cbeec7835c12 3.36 UNI-V2 0.24%, 0.00 ETH
0x273e9c8198378640f5f007379034b5fa201ef119 3.27 UNI-V2 0.23%, 0.00 ETH
0xa327ad1c26ca714a1e12616d3d88742345ed21f7 3.13 UNI-V2 0.22%, 0.00 ETH
0x67387ed4cf7f6281e836fa201ff68abc7c05fa4a 2.41 UNI-V2 0.17%, 0.00 ETH
0x612feaf8c5eeeb46643d7f88c8761379515ed17a 1.63 UNI-V2 0.11%, 0.00 ETH
0x9c9403d08357704030f444ce4afeb2d93dfd62ef 1.58 UNI-V2 0.11%, 0.00 ETH
0xfb893ff8f62aae53277ba8df25df9ba1ca2b5463 1.26 UNI-V2 0.09%, 0.00 ETH
0x40a3c250f49e956e59f7c159c0d1be89f157bca3 1.03 UNI-V2 0.07%, 0.00 ETH
0xdf0d16b27cfefe2ea64e4b5c3eaa52669b053e94 0.96 UNI-V2 0.07%, 0.00 ETH
0xf9b37a737d629af0ee96b0435ac11aeb48bfe823 0.96 UNI-V2 0.07%, 0.00 ETH
0x9ea2d94ebd6d1e7eb798b38c1331d6a6a4d65847 0.81 UNI-V2 0.05%, 0.00 ETH
0xafd9c18a4195ce296571e0f30e0862f96c127830 0.54 UNI-V2 0.03%, 0.00 ETH
0xd2f6e23e515f674a6f4d52fce7962e2e0050798f 0.37 UNI-V2 0.02%, 0.00 ETH
0xef3a6cf148f6a5492483b2d7157a9a39c401e342 0.35 UNI-V2 0.02%, 0.00 ETH
0xadd8d51c294b993d1a774f943c3340c40054c0c7 0.16 UNI-V2 0.01%, 0.00 ETH
0x78b03f53f1965e656c864a1f09b65d73d8ce1f63 0.04 UNI-V2 0.00%, 0.00 ETH
Here’s the data from the analysis in 2023
Balances:
Eth Balance on contract: 7.294436131461110626
Whackd Balance on contract: 6,917,076.928068121631822001
UNI-V2 Balance on contract: 1988.504801351662679299
Active LPs
0x8d1c34bf3b58f2d5ca18766e360fb161f3b72708 481.49 UNI-V2 24.21%, 1.76 ETH
0x803b1c8af205cbbe5e38a7ef9873d73017c2fb62 375.95 UNI-V2 18.90%, 1.37 ETH
0x0128687783e76d08b2a7769a18b849e1781ac7b0 260.91 UNI-V2 13.12%, 0.95 ETH
0xeef869c9e492fcfcc984ded4fb63d2178d4a0761 243.89 UNI-V2 12.26%, 0.89 ETH
0xe07e487d5a5e1098bbb4d259dac5ef83ae273f4e 180.51 UNI-V2 9.07%, 0.66 ETH
0x33b81fd90e38cd67e6b23e09193b8ab1e8a8761d 67.26 UNI-V2 3.38%, 0.24 ETH
0x3d29a7d969b41cd902dbbdb4169ac1f3367a1a45 62.03 UNI-V2 3.11%, 0.22 ETH
0x17966f7e987a42d00a633fa0219fded049682406 50.75 UNI-V2 2.55%, 0.18 ETH
0x2958db51a0b4c458d0aa183e8cfb4f2e95cf6e75 31.90 UNI-V2 1.60%, 0.11 ETH
0x64426f4de43d9adf5ab4ce7b7022d4c2a24c11a0 23.98 UNI-V2 1.20%, 0.08 ETH
0x2bb58dabe2241e7b047be92c1cf0da00d72863d8 22.24 UNI-V2 1.11%, 0.08 ETH
0xf527875b0663dfef61b238ee26e8b9c49a6962d0 21.83 UNI-V2 1.09%, 0.08 ETH
0xfc3557d3ee3e3c9634ee1a285caca71171f38847 18.47 UNI-V2 0.92%, 0.06 ETH
0x85d136022dcf554d2850ea82d7e4162d2430b811 17.40 UNI-V2 0.87%, 0.06 ETH
0x625375a46ba245c5ecbd47bdb37e8bfc7a092974 14.92 UNI-V2 0.75%, 0.05 ETH
0x0b35811511049012fe83d9cdfd8cab7d2c80aaab 14.88 UNI-V2 0.74%, 0.05 ETH
0xa42ce0e92051f931e9e896036c471931443b5580 12.99 UNI-V2 0.65%, 0.04 ETH
0x67387ed4cf7f6281e836fa201ff68abc7c05fa4a 10.89 UNI-V2 0.54%, 0.03 ETH
Uniswap sellers
The purpose of this section is to observe sellers using uniswap and determine which ones have consolidated multiple airdrops. This proves evidence of airdrop farming and also gives a list of transactions in which to point to.
To get to this an interesting metric came out: There have been 14,929 Uniswap trades of the WHACKD token. Thats a lot!
The most recent of these multi-swaps was a day and a half ago. This user in particular must have been an OG because the tokens came in only a couple allocations back in the day. Most of the tokens he sold recently came from the deployer wallet directly, not via an airdrop.
This does not associate this person with the airdrop farmer we’ve seen evidence of. I feel this incident is just an OG releasing his tokens. Probably because of recent news regarding John.
https://etherscan.io/address/0x22a24f331be81582e01a7bf31045705e752d71dd#tokentxnsWithin this list of people consolidating is a bot that arbitrages between BSOV and WHACKD. We like him! He burns tokens!
https://etherscan.io/address/0x76782b0a6c545d3ea3ed82893b44735bd96011f8#tokentxnsThe stories in this list are sure to be unique like this but there are also a lot of transactions where the wallet shows evidence of airdrop farming, which a transaction like that looks like this:
https://etherscan.io/address/0x6a0c0ed3a45a58d1de55e6d0bbd354df89fd245a#tokentxnsThis transaction in particular implies that the user sent the farmed ETH to a Binance deposit address, and an ETH domain called izzytheairborne.wallet also sent a deposit to the same deposit address. So basically you can suspect that izzy farmed some airdrops, whoever that is.
Izzy is apparently accumulating MLToken, I have no idea what that is but there is a pool that pairs it with SDEX, Aka Smardex — never heard of it, leads to a website, probably some nuggets in there for any sleuths out there…
I’d also like to note that it was kind of hard to figure out a way to filter the farmers out. The test I came up with was to see if an account history had more than 15 WHACKD transactions within 5000 blocks.
Here is a list of some of the transactions that fit this filter. There are many more but I consider this part of the data to be unfinished.
I can provide a comprehensive list if you want to do some analytics on it. Or you can compile or edit the software and generate the results yourself. It was kind out of scope to scrutinize everyone’s consolidations or trades, and a lot of work or just code filtering hell.
https://etherscan.io/address/0x22a24f331be81582e01a7bf31045705e752d71dd#tokentxns
https://etherscan.io/address/0x76782b0a6c545d3ea3ed82893b44735bd96011f8#tokentxns
https://etherscan.io/address/0x6a0c0ed3a45a58d1de55e6d0bbd354df89fd245a#tokentxns
https://etherscan.io/address/0x33b81fd90e38cd67e6b23e09193b8ab1e8a8761d#tokentxns
https://etherscan.io/address/0xcc7ec3bdd51e299f6f430b7c7dabf9d9e9619cab#tokentxns
https://etherscan.io/address/0x711d7d036c81c2d38cc911bad160acd95b956908#tokentxns
https://etherscan.io/address/0x22c291faa6e03f5af4b48aa73559bb6a20d81f75#tokentxns
https://etherscan.io/address/0xee17316981924a7a06e68e9c06ba8771746f79b5#tokentxns
https://etherscan.io/address/0xdadb2f6cb49c8c92f2ff96d2d3f9d502a8130558#tokentxns
Top 10 Wallets
Since people are interested in the top wallets I thought I would post a manual analysis of the top ten wallets
The data source for this is from ethplorer
The largest holder is now the burn address. These tokens are gone and never coming back
#1 Burn Address
0x0000000000000000000000000000000000000000
379,060,586.54071766 WHACKD
$ 534,493.81
59.63%#2 John McAfee Token Allocation.
The last outgoing transaction on this address was July 20, 2020. Our beloved John passed away on June 23rd 2021, I think it’s safe to assume this is his.
0x2d137d9ed7f0f7e7e9ce8b3f48cb9a468c195973
17,950,512.06169497 WHACKD
$ 25,311.09
2.82%#3 Allocatooor.
This address has been allocationg WHACKD for a long time. A true believer.
0x42c7e3d9c29de782e554360e8d1a5c07e7b0f6f2
Add tag or note
15,235,716.795460818 WHACKD
$ 21,483.10
2.4%#4 Airdropoor.
This user is a chronic Airdrop collectoor.
0x1d0738b927dfcbfbd59a9f0944bbd1860d3b9248
13,660,000.00 WHACKD
$ 19,261.26
2.15%#5 Liquiditoor.
This user frequently makes plays providing liquidity to theWHACKD pool
0xb84c445c3dcf6a7d99f02a140937c1498ab11c48
13,571,008.149335135 WHACKD
$ 19,135.78
2.13%#6 Veritaseum Whale.
An interesting thing about the Veritaseum project: On CMC there is a notice: “The Securities and Exchange Commission has filed charges against <Name Redacted> Veritaseum, Inc. and Veritaseum, LLC”
0x2bde3b9c0129be4689e245ba689b9b0ae4ac666d
7,134,567.735009069 WHACKD
$ 10,060.09
1.12%#7 The Uniswap V2 Pool!
The pool holds only 1% of the entire WHACKD supply! Thats how dedicated WHACKD hodlers are! That’s called distribution!
0xc491405d542a393d8d202a72f0fb076447e61891
6,554,490.146312853 WHACKD
$ 9,242.15
1.03%#8 OG Wallet
This wallet appears to be an OG of interest because They’ve received their WHACKD from an account holding Ghost ERC20 and Switchdex token transactions within. To speculate would be to assume the tokens were payment for services rendered.
0x3f6f31693ef0ff54d8533f51566a79e4db41fbfe
6,068,518.518853271 WHACKD
$ 8,556.91
0.95%#9 Cold Storage
Looks like a fren’s cold storage. Appears to believe in Unibot, ChainTools and WHACKD. Unfortunately, the ChainTools chart looks abominable. Sorry Bro, fucking McAfee Rules. Don’t give up on your beliefs!
0xbe31a54c78f6e73819fff78072be1660485c8105
5,849,240.102399705 WHACKD
$ 8,247.71
0.92%#10 Old school accumulator
This is an inactive accumulator account. Hope they are doing ok.
0x155002518c2432558bec0edbe7d41644f3bda2fe
5,137,448.492614504 WHACKD
$ 7,244.05
0.81%Did you enjoy my analysis? Do you have a token that you would like something similar done on? I can help but I’d need to get paid.
I’m also well versed in solidity and review smart contracts daily. If you need more eyes on a contract, I’d be glad to help out.
Tips are appreciated! (although I’m not sure the plasma part works anymore hahaha) Anything ERC20 / Compatible works, let me know if you are able!
0xEBE40BB6FAa9AC01B2eda5c3917Bc3Bb8Bb76437
