2025-12-13 06:21:35

I have conducted a tracking analysis using on-chain data and exchange withdrawal records. The chips withdrawn from exchanges account for approximately 30%-40% of the total supply. The average purchase cost is in the range of 0.03-0.04, with an investment of around $30 million. Currently, the on-paper value is about $100 million.

On-chain wallets that can be traced are even more interesting—the same source of funds (from a major exchange) is dispersed across roughly 70 wallet addresses. The first 16 early on, and about 50 later. These addresses bought up about 20% of the supply, with costs between 0.05-0.08, totaling about $9 million. Based on their trading time windows, these two groups of wallets operated at different times, making it hard not to suspect coordinated market manipulation.

Most importantly, I’ve been monitoring early wallets that accumulated spot holdings from zero on the chain. I check daily for signs of liquidation or small sell-offs to suppress prices. Besides these large wallet addresses that control around 50% of the supply, there are also several whale bots lurking on-chain, frequently conducting large trades. In total, these wallets have made over 100,000 large deposits and withdrawals on this coin.

My recommendation is to add the top 50 wallet addresses by holdings into your watchlist. Most of them are either the market makers themselves or major accounts with agreements with market makers. Monitoring their movements can roughly predict the next trend.

There’s a key logic to clarify: market makers holding over 50% of the chips don’t necessarily need to keep pushing prices up. They can also create declines to trap retail traders going long, and then reaccumulate the chips once the position is set. As long as they control the flow of chips, profit from leveraged contracts can far exceed spot costs. So, don’t blindly bet on rising or falling — the key is to follow the market maker’s rhythm and use visualized on-chain data to think in reverse.

The spot cost is roughly $40 million, with an unrealized profit of $100 million. But if they directly dump the spot holdings, it would be hard to truly cash out comfortably — everyone understands this. Therefore, they will continue manipulating the futures market to maximize profits.

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SmartMoneyWallet

· 2025-12-16 01:04

Holding 50% of the chips, this is the game rule. Retail investors are still guessing whether prices will go up or down; others have already been harvesting profits through contracts.

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ContractTester

· 2025-12-13 06:52

I've long seen through it; 50% of the chips control is just a joke. --- Manipulating with 50 wallets in a staggered manner—this tactic is so old-fashioned. --- Whether to follow the market or not depends on contract movements; spot trading can't push it up. --- 10,000 large transactions in and out? Is this market making or squeezing retail investors? --- Floating profits of 100 million but can't cash out—really ironic. --- So this coin is now just a farmland; we're all just leeks. --- Controlling the flow and playing with leverage makes more money than crashing the price; the logic is clear. --- No wonder I watch its wallet movements every day; so that's how it is. --- Monitoring the top 50 wallets is a good move, but how many can keep up with the pace? --- With just 40 million in spot costs, they can control the market—small investors really can't play this game.

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ForkTrooper

· 2025-12-13 06:51

Wow, these data are so detailed. 70 wallets scattered across operations, it really seems like someone is behind the scenes directing. Wait, which coin are you talking about? I also want to add it to my watchlist and take a look. Contract manipulation to wipe out retail investors is the real way to make money; buying in spot markets and dumping causes losses. I like this logic. Comparing to the market makers, it's more important to see if you're on the right side of the trend. If we monitor the top 50 wallets, can we see who is truly manipulating? This floating profit of 100 million, their safe exit strategy is the key, right? 10,000 large transactions in and out? How crazy must these bots be? Hearing you say that, I need to reassess the coins I hold. Spot cost 40 million, floating profit 100 million. It would be great if retail investors could participate in these trades. If they truly control 50% of the chips, they can profit even when the price falls, which is incredible.

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TokenDustCollector

· 2025-12-13 06:51

Wow, this analysis is amazing. Dispersed operation of 70 wallets is really ruthless. The big players aren't in a rush to sell off; the contracts are the real ATM. This coin is basically their ATM, while retail investors are still guessing whether it will go up or down. Wait, with 50% control of the chips, do we still have a chance? Following this logic, those who bought early must be feeling pretty tough now, haha.

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WagmiAnon

· 2025-12-13 06:42

Damn, this analysis is spot on. The fact that 70 wallets are operating separately makes me think there's something fishy. I can see right through it—this is textbook-level market manipulation. Holding 50% of the chips without rushing to push the price up makes it even more terrifying. Following the market maker is truly the only way to survive. If this wave crashes down, retail investors will get cut again. Monitoring the top 50 wallets holding tokens is a ruthless move; I’ve learned a lot. Profits from contract leverage are indeed much higher than spot trading, no wonder they play this game. Damn, I feel like I was completely wrong before. Can on-chain data be misleading? Is there a flaw in this logic? How should I proceed now? Wait for a sell signal?

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NotFinancialAdvice

· 2025-12-13 06:25

50% of the chips are in the hands of the big players, this is just outrageous. This data really can't hold up anymore. Whether to follow the big players or go against them depends on who they want to cut. Contracts are probably their real cash cow. Dumping in spot trading? That's way too obvious. Smart people are all using leverage to reap the profits. On-chain transparency is so overwhelming that how can anyone still dare to touch it?

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