Bubblemaps: OpenVPP token shows severe manipulation, with 80% of the supply under concentrated control
ChainCatcher reported that the OpenVPP (OVPP) token is experiencing severe market manipulation. Data shows that 80% of the token's supply is centrally controlled, with the top 150 holders receiving funds three days before the token launch and immediately purchasing tokens at launch. The specific distribution is as follows: an exchange cluster controls 10% of $OVPP, the Union Chain cluster controls 10%, the ChangeNOW cluster controls 20%, and another exchange cluster controls 40%.
Analysis indicates that the team, through pattern analysis, found that OVPP was split into smaller wallets and showed clear connections to the team/deployer clusters. The team acquired 75% of the supply and has already sold tokens worth over $1.2 million. Bubblemaps stated that previously, the OpenVPP project claimed to be cooperating with the US government on energy tokenization, but this was denied by regulatory agencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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