As of May 15, 2025 (KST)
Buckscoin Founder Sells BGSC Initial Coin Offerings
On May 15, BucksCoin (BGSC) founder Inbeom announced that he sold all of his personal holdings of approximately 79 million BGSC from the market and and secured approximately $700,000 in liquidity. The sale is not part of the official foundation allocation, but rather his personal initial investment.
Of the total holdings of 417 million BGSC, 200 million are in the form of Attribution to the Foundation for NFT Rewardsand 138 million are on deposit in the PancakeSwap liquidity pool. Following this sale, Mr. Inbum's personal holdings have been effectively liquidated.
With the funding, InBum will be able to launch a separate leaderboard event, separate from the ongoing Foundation-organized leaderboard event. Planning a separate individual-level reward eventthe company said.
✍️ Author's Perspective
While a large-scale sell-off by a founder could be interpreted negatively from a general perspective, Inbum's response appears to be a strategic decision based on a "thorough understanding of market mechanisms.
While honoring his promise not to touch the foundation's supply, the real-life Inbeom used his personal supply to alleviate the exchange liquidity issue his own personal supply to alleviate the shortage, and drove leaderboard participation to absorb the entire supply into his wallet.
The result is a trifecta of price maintenance, exchange stability, and community engagement. As one user put it, "It wasn't a personal sell-off, it was a strategic market cleanup," which seems like a plausible explanation.
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