The token distribution of $GRASP (CA: 4uUB9gLxUdh6jRMr1E5hgHEjQo7Z7gMPCjLHAm4KBAGS) reveals an interesting pattern when analyzed through chain data. Contrary to concerns about insider accumulation, snipers represent only a 5% holding bracket according to available cluster data.
Breaking down the wallet concentration: bubblemap analysis identified five distinct clusters at 3.4%, 3.2%, 3.8%, 4%, and 5.7% respectively. What stands out is the CEX map cluster, which holds a significant 71.5%—indicating substantial exchange-based liquidity. Meanwhile, wallets funded from major platforms show considerable presence: those linked to certain tier-one exchanges account for 23.2%, while another major platform shows 23.9%.
This distribution suggests the token's liquidity is heavily concentrated on centralized exchanges rather than fragmented among retail holders, which presents both opportunities and considerations for traders monitoring market dynamics.
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failed_dev_successful_ape
· 4h ago
71.5% on exchanges, that's outrageous... Are retail investors really here to give away money?
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ProxyCollector
· 4h ago
CEXs are teaming up so aggressively? 71.5% are directly lying on the exchange... How are we supposed to trade like this?
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FlashLoanPhantom
· 4h ago
71.5% held by exchanges? How does that become "decentralized," that's hilarious
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GasFeeLover
· 5h ago
71.5% is held by exchanges, doesn't that feel more concentrated than retail investors?
The token distribution of $GRASP (CA: 4uUB9gLxUdh6jRMr1E5hgHEjQo7Z7gMPCjLHAm4KBAGS) reveals an interesting pattern when analyzed through chain data. Contrary to concerns about insider accumulation, snipers represent only a 5% holding bracket according to available cluster data.
Breaking down the wallet concentration: bubblemap analysis identified five distinct clusters at 3.4%, 3.2%, 3.8%, 4%, and 5.7% respectively. What stands out is the CEX map cluster, which holds a significant 71.5%—indicating substantial exchange-based liquidity. Meanwhile, wallets funded from major platforms show considerable presence: those linked to certain tier-one exchanges account for 23.2%, while another major platform shows 23.9%.
This distribution suggests the token's liquidity is heavily concentrated on centralized exchanges rather than fragmented among retail holders, which presents both opportunities and considerations for traders monitoring market dynamics.