signal/noise

Analysis of TON ecosystem and token holding, based on WhiteRabbit's data:
Token Distribution:

1. Total mining participants: 3,278 unique addresses
2. Large Givers recipients: 248 addresses
3. Concentration: 96% of TON supply held by these 248 addresses

Key observations in TON ecosystem:

1.High concentration of tokens among a small group of addresses

2.The 248 major holder addresses exhibit similar patterns in:
• Mining start/end times
• Token operation behaviors

3. Limited retail participation in overall token distribution

source: https://medium.com/@whiterabbit_hq/ton-blockchain-a-group-of-related-whales-mined-85-of-ton-supply-2e3300cc93bc