$Joe, a 64-day-old token, presents an interesting on-chain snapshot worth examining. The bubblemap data reveals a fragmented holder landscape—a single cluster commands just 3.2% of total supply, suggesting relatively decentralized distribution at first glance. However, the CEX aggregation tells a different story: exchange-concentrated wallets hold a commanding 58.2%, indicating significant liquidity concentration on centralized platforms. Breaking down the exchange holdings, major platforms show notable positions: one major trading venue accounts for 21.4% of the supply, while another holds 16.2%. These figures highlight how institutional and exchange capital can dominate token circulation despite broader retail participation. Top holder Ramsetx remains a key player in the token's ownership structure. The data paints a picture of a young token still establishing its distribution equilibrium.