Interestingly, the $AITown project team appears to be quite cautious in token distribution. According to on-chain data, there are no signs of obvious snipers or large holdings concentrated among insiders. The top holder, xbtDLN, maintains a relatively transparent presence.

From the bubble chart data, the token distribution is fairly dispersed, with no significant black holes of holdings. The CEX exchange wallet clusters account for 48.6%, which is the main source of liquidity. Specifically, a major exchange's wallet holds 18.4%, a compliant platform accounts for 11.5%, Mexc holds 2.9%, and other platforms are scattered. This distribution structure indicates that the project's liquidity is relatively healthy, and token flows between exchanges are fairly balanced, with no excessive concentration in a single exchange. For those interested in a deeper understanding of this project's tokenomics, these on-chain data are worth studying.