2026-01-13 11:25:47

The KUSANAGI token holding distribution data reveals the true landscape of market participants. According to on-chain analysis, insiders hold 7.8% of the supply, snipers account for 5.9%. A single cluster holds 7%, and the concentration of exchange-related wallets is even more noteworthy — exchange map clusters account for as much as 52.3%, reflecting a highly concentrated liquidity situation.

In terms of specific exchange fund distribution, a leading exchange's funded wallets hold 20.8%, a compliant platform accounts for 19.8%, another exchange holds 4.1%, and Change Now accounts for 1.4%. This level of dispersion exposes key market risks: the liquidity concentration at exchanges is significant, which could impact price stability and retail participation. From an on-chain data perspective, such a holding structure poses challenges to the project's decentralization and long-term healthy development.

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GamefiGreenie

· 15h ago

The exchange took 52.3%? How ridiculous is that? Retail investors going in there are just getting fleeced.

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OnChainDetective

· 16h ago

52.3% Ah, I looked at this number three times repeatedly, and I still feel something's off... Is the exchange stockpiling like this really due to liquidity demand? I don't think so.

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GasBandit

· 16h ago

52% held by the exchange, how outrageous is that? What are retail investors even buying? --- 20.8% dominance by a single entity, this is a big trap waiting to happen. --- With such concentrated holdings, it's impossible for the price to stay stable. --- Decentralization? Laughs. This is just a cash machine for centralized exchanges. --- 19.8% on compliant platforms, that just sounds suspicious. --- 7.8% internal plus a bunch held by exchanges, retail investors are just playing with fire. --- Only 5.9% by snipers, ironically they are the most honest participants. --- This data shows one thing: don't chase after this kind of thing. --- Liquidity is so concentrated it’s like a dead sector; a single dump and it's game over.

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CounterIndicator