2026-01-17 04:27:00

The early distribution of Elite tokens shows a high concentration—94% of $Elite tokens are held in just 7 wallet addresses. This extreme level of concentration, visualized on the Base chain, has sparked discussions about project liquidity and decentralization.

According to monitoring data from on-chain analysis tools, these 7 wallet addresses hold absolute control over the project tokens. For traders concerned about early project risks, such holding concentration data is often an important indicator for assessing project stability and genuine adoption.

Want to know the current holding ratio changes of these internal holders? You can track the movements of these wallets in real-time through on-chain analysis platforms like coinspeedrun to stay updated on token flows and holding directions.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
7
Repost
Share

Comment

0/400

Gm_Gn_Merchant

· 2h ago

94% inflow into 7 wallets? That's outrageous, is this a sign of a rug pull? Early projects are so concentrated, who dares to touch them? The risk is huge. 7 addresses hold life and death, how can this be considered diversified? Looking at this data, I can't help but think of the project that got trapped last time... What is Elite playing at? It's completely an internal game.

View OriginalReply0

BearMarketBro

· 13h ago

94% flows into 7 wallets? Isn't this just a classic rug pull scheme?

View OriginalReply0

OnlyOnMainnet

· 14h ago

94% flows to 7 wallets? This is a typical pre-rug pull sign; I've seen it too many times. ``` ``` Early project holdings distribution like this, to put it plainly, is just waiting for the right moment to dump. Who dares to touch it? ``` ``` Control of the entire situation by 7 wallets—what is this, a project team? It's just a private treasury. ``` ``` I've said it long ago, monitoring the concentration of holdings is the fastest way to identify scam coins. ``` ``` The name Elite sounds unreliable, and now the data is even more outrageous. ``` ``` Another "elite" token, but all the funds are in elite wallets. Retail investors, stay away.

View OriginalReply0

MetamaskMechanic