Bubblemaps analysis highlights significant concentration of OpenVPP token supply among a few wallets, primarily tied to major exchanges like Binance, Coinbase, and others.
Blockchain analytics platform Bubblemaps reported that 80% of OpenVPP (OVPP) token supply is controlled by the top 150 holders, all of whom received allocations ahead of the token's August 21 launch. Major portions of the supply are linked to Binance, Coinbase, ChangeNOW, and Union Chain wallets, with allocations ranging from 10% to 40%. The news follows the SEC’s denial of claims that OpenVPP falsely promoted U.S. government cooperation.