Bubblemaps: OpenVPP Token is experiencing serious manipulation, with 80% of the supply being centrally controlled.

robot
Abstract generation in progress

According to Deep Tide TechFlow news on September 19, as monitored by Bubblemaps, the OpenVPP (OVPP) Token is experiencing serious market manipulation. Data shows that 80% of the token's supply is concentrated in control, with the top 150 holders receiving funds simultaneously three days before the token's release (at 6 PM on August 21) and immediately buying up the tokens upon release.

The specific distribution is as follows: Coinbase cluster controls 10% of $OVPP, Union Chain cluster controls 10%, ChangeNOW cluster controls 20%, and Binance cluster controls 40%. Analysis shows that the team discovered through pattern analysis that OVPP has been split into smaller wallets and has a clear association with the team/deployer cluster. The team purchased 75% of the supply and has sold tokens worth over 1.2 million dollars.

Bubblemaps indicates that the previous OpenVPP project claimed to be working with the U.S. government on energy tokenization, but was denied by regulators.

BMT1.33%
OVPP4.36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)