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The Eightleg was obtainable by reaching level 45 on the criminal team in OG Season 1. Alongside that you needed to buy it for 10k cash.
Top 1 holder controls
Largest holder · 153% of circulation
With hoarders owning over 80 Eightlegs, with the current circulation being at only ~47 right now, its no surprise that its a hoarded item, as hoarders own almost twice as many Eightlegs as the current MU amount.