$BOB
๐จCLARITY ON THE LARGEST BOB HOLDER ~62%๐จ
*READ EVERYTHING*
Most people are reading BOB data the wrong way.
They look at the โtop 10 holders = 68.5%โ figure and immediately think: the token is highly concentrated, lots of whales, lots of risk.
But if you dig a little deeper, youโll understand that the reality is very different.
Wallet #1, which by itself weighs about 62.16%, is a CEX/custodial wallet.
This means itโs not a single whale, but very likely the wallet that custody-tokens for thousands of users.
And here comes the point that changes everything:
if you split that wallet out, the other 9 biggest holders together have only about 6.34%.
So the truth is simple:
BOB isnโt controlled by a few whales like many people think.๐๐ฅ
( Transcription of the response from Binanace BIBI, which you can see in the first photo, about the first wallet and about the security of the BOB token (BuildOnBNB). You can also verify it yourself:
โBOB is far less concentrated than it appears at first glance. The โtop 10 holders = 68.5%โ figure is misleading because the first wallet of ~62.16% is a CEX/custodial wallet, so it doesnโt represent a single whale, but very likely the tokens held by many users on the platform. Once you separate that, the other 9 main wallets together weigh only about 6.34%, so the real non-custodial concentration seems relatively contained. This greatly improves the perception of the tokenโs safety on the distribution side, because the risk of a dump by a few large holders is much lower than the raw data suggests.โ )
#Bob #BuildOnBNB