XLMXLMXQoVtPUSKAJZu6Mk5xZ5L5wzx1QiTQqbonvD6qZH
Case file · ante-mortem observation
RECOVERING.
Centralization masquerading as decentralization
Grade Score
78/100
Grade B · RECOVERING
Mkt Cap
$3.47M
-0.1% · 24h
Liquidity
$3.37M
Volume 24h
$350.7K
Holders
10
Few HoldersHeavy Concentration
Field Report
Ten Whales Navigate XLM's Murky Waters
Here we observe the curious case of XLM, a token that achieved the remarkable feat of revoking all authorities while maintaining the paradoxical grip of absolute centralization—ten holders commanding the entirety of supply, like oligarchs in a decentralized costume. Though it breathes still, having shed a mere 0.1% today, one cannot help but notice the spectacular irony: a token that escaped the exchange's control only to discover it had merely traded one master for ten. The liquidity swims shallow, the volume decent, yet the concentration of power suggests this creature was never truly free.
Diagnosis
Liquidity
Adequate
$3.37M pool depth.
Activity
Active
$350.7K volume / 24h.
Holders
Extreme cluster
Top 5 hold 100.0% of supply.
Cause
Likely Cause
Centralization masquerading as decentralization
Patient Note
They revoked all authority, only to realize authority had already moved address.
Holders
Top 1
97.1%
Top 5
100.0%
Top 10
100.0%
01AYrR...7Bhd97.08%
022cnb...DCt62.04%
03GHtJ...HH1T0.55%
044A1s...SaFk0.29%
0544Vu...kZGD0.03%
06BsPv...oZ110.00%
07BFpr...5bFM0.00%
08proj...k4160.00%
09Fund...dYs40.00%
106R1G...nNnM0.00%