2026-01-16 23:24:15

$BELLSACK token distribution reveals an interesting on-chain landscape. Standard analysis tools struggle with this token, but manual tracking shows key holders including aiwxass, Thokani, and OGAntD maintaining significant positions.

The holder concentration paints a nuanced picture. One cluster commands just 3.9% via bubblemap tracking, while CEX-mapped addresses control a substantial 45.3% of total supply—a notable concentration on exchanges.

Institutional holdings tell part of the story. Major exchange-funded wallets account for 23.6% of circulating tokens, with another prominent platform holding 7.2%—a comparatively lower institutional presence. This distribution suggests retail participation remains meaningful alongside exchange reserves.

The data indicates mixed liquidity dynamics: concentrated exchange holdings provide depth, yet the fragmented top holder list and lower institutional dominance suggest active market participation rather than typical whale-driven patterns.

TOKEN3,06%

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NftBankruptcyClub

· 4h ago

45.3% on exchanges? Isn't that just a pile of casino chips, retail investors are still dreaming about it.

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RumbleValidator

· 4h ago

45.3% held by exchanges? That's the real risk point. With such high exchange concentration, liquidity depth is useless, and a panic sell-off could break through in minutes.

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MetaverseLandlady

· 4h ago

45% of the exchange's supply... That's quite a large amount. It seems to have good liquidity depth, but the risk is there as well.

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