Beefy Finance's $BIFI token distribution data has raised concerns. According to on-chain data, insiders hold up to 94% of the BIFI tokens, and these tokens are concentrated in only 59 wallet addresses. This highly centralized distribution highlights the issue of token concentration in the early stages of the project.

Specifically, these holdings are reflected on the Ethereum blockchain, with the contract address being 0xb1f1ee126e9c96231cc3d3fad7c08b4cf873b1f1. According to data from on-chain analysis tools, a small number of addresses control most of the project's liquidity, which are important indicators to monitor for market liquidity and decentralization.

Investors can track the changes in these large holdings in real-time through on-chain explorers to see if insiders are reducing or increasing their positions, which is useful for assessing the project's health and development prospects.