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