$Tina's on-chain data analysis reveals some noteworthy holding patterns. The project was created by Franklin's development team, with Ocean.sol as one of the main token holders. According to the distribution of holdings, the Bubble Map shows a concentration of 4.4%, indicating relative dispersion. However, the CEX mapping cluster concentration reaches 36.6%, which is relatively low and a clear risk signal. More notably, wallets funded by a major exchange account for a total of 17.1% of holdings. This distribution pattern reflects a liquidity provider concentration issue—when a few large holders dominate, it can easily create selling pressure and cause price volatility. For investors tracking this project, these data points suggest the need to closely monitor large holdings, especially changes in positions on the CEX side.