Noticed an interesting holding phenomenon: 32% of TIBO tokens are concentrated in just 56 wallets. Behind this highly centralized holding structure, it is very likely that early investors or key insiders of the project are holding the chips. Such a small number of wallets controlling a large proportion of circulating supply is indeed worth caution—once these major holders coordinate a sell-off, the impact on the project's price can be imagined. For those who want to monitor such hidden risks, it’s advisable to pay attention to the movement changes of these large holding wallets to catch potential cash-out signals in time. After all, in the crypto market, the distribution of holdings often reveals more genuine risks than just price trends.