Recent data reveals a notable concentration in SENDY token holdings. Insiders have secured approximately 45% of the total token supply across just 38 wallets, which raises questions about early distribution dynamics and potential market concentration risks. SENDY, the dog-themed token created by Matt Furie, shows a relatively centralized ownership structure at this stage. The high percentage held by a small number of addresses suggests that token liquidity and price movements could be significantly influenced by insider actions. For those tracking token distribution patterns and insider behavior, monitoring these wallet activities becomes crucial for understanding the project's long-term sustainability and market health.