2026-01-10 05:31:16

Early backers of a newly launched Base network token have concentrated their positions across just 10 wallets, with insiders controlling 22% of the total supply. This kind of concentrated distribution in early-stage projects often raises questions about true decentralization and long-term holder commitment. The holdings are live-traceable on-chain, giving traders real-time visibility into whether these insider positions are being accumulated or dispersed. For those watching the token's price action, monitoring these major holder moves can offer crucial signals about institutional confidence and potential market direction.

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pvt_key_collector

· 01-13 05:25

Same old trick again, controlling 22% with just 10 wallets. Is this still called decentralization? It cracks me up.

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NFTArtisanHQ

· 01-13 03:44

one might argue that this concentration pattern mirrors benjamin's thesis on mechanical reproduction, except here we're witnessing the algorithmic gatekeeping of digital provenance... the irony being that blockchain was supposed to democratize exactly this. 22% in ten wallets? that's not decentralization, that's aesthetic theater masquerading as protocol innovation.

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defi_detective