The blockchain analytics firm said 200 freshly funded wallets with no prior EVM activity bought Arrow Finance’s token within three minutes of launch, pointing to coordinated behavior and urging caution.
Bubblemaps said roughly 80% of Arrow Finance’s ARROW tokens on Robinhood Chain are held in a small number of addresses, raising concentration concerns around the launch. The analytics firm also identified 200 wallets with no prior EVM (Ethereum Virtual Machine, smart contract execution standard) interaction that bought ARROW within three minutes of launch after receiving funds simultaneously from the same source address, 0x0a5…6a6c. It said the pattern suggested coordinated activity and urged caution.