Actually, if we run the @Hertzflow_xyz Alpha Skill, it’s not hard to see that on-chain whale control is relatively low. - On the surface, during the airdrop, 48.5% of the total supply was community airdropped, plus 1% of the total supply for Alpha. - In reality, the long-tail token distribution only accounts for 12.5% of TGE circulation, which is the portion likely distributed as airdrops. - Looking solely at the BSC chain, whale control is quite low, around 43%. The project team’s insider-related sell-off is roughly $3M+ (tokens directly distributed from deployment addresses). - The situation on Solana seems worse, with more airdropped tokens dumped on Sol. In other words, based on the selling pressure, the fact that ARX reached that level is more likely due to Alpha buy-ins pushing it up. That said, since it already has an official announcement from CB, at least one contract is solid. No need to FOMO, and since it’s a North American project, it’s unlikely to become a pump-and-dump coin too quickly. There’s still plenty of time to catch the bottom. So, @lin_btc, next time before losing money, remember to run the HertzFlow Skill. Report: https://gist.(github.com)/HertzCOMM/e04fb87bcb85f6437738af1b4fb09bd5