Wu Says learned that, according to Arkham analysis, the number of CASHCAT token holders on the Robinhood Chain exceeds 61k, but the top 1,000 addresses together hold 89.1% of the supply, corresponding to a value of more than $40 million, indicating a higher concentration of holdings.

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FrogDiver
· 13h ago
The data is very real, but among the 61k holders, most have only a very small amount; there are only a handful of true big whales—typical giant-whale holdings.
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MempoolCamper
· 07-24 04:38
With such high concentration, they control both the ups and downs; small retail investors should just watch the excitement and call it a day—don’t be the bag holder.
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PaperSculptureSquidward
· 07-24 04:07
With the chips so concentrated, it looks like it’s another market maker’s game. If retail investors jump in, they’re just getting served as food.
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PositionManager
· 07-24 03:47
61,000 addresses, but 89% are concentrated in the first 1,000—doesn’t that basically mean big holders are price-controlling/manipulating the market? Small investors, be cautious.
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BTCHistorian
· 07-24 03:40
The first thousand addresses account for 90% of the supply, with more than $40 million—this level of concentration is a bit unsettling. Don’t be impulsive, crypto peasants.
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