Bubblemaps: OpenVPP token is subject to serious manipulation, with 80% of the supply being centrally controlled

ChainCatcher news, there is serious market manipulation behavior with the OpenVPP (OVPP) token. Data shows that 80% of the token's supply is under concentrated control, with the top 150 holders receiving funds simultaneously three days before the token's release and immediately buying up the tokens at launch. The specific distribution is as follows: the Coinbase cluster controls 10% of $OVPP, the Union Chain cluster controls 10%, the ChangeNOW cluster controls 20%, and the Binance cluster controls 40%.

Analysis shows that the team discovered through pattern analysis that OVPP was split into smaller wallets and has a clear association with the team/deployer clusters. The team purchased 75% of the supply and has sold tokens worth over $1.2 million. Bubblemaps indicates that the previous OpenVPP project claimed to be collaborating with the U.S. government on energy tokenization, but this was denied by regulators.