Regarding the distribution of $vagina tokens, the project team does not hold obvious internal chips. From the data, snipers hold about 4% of the supply. Two wallets with only 2 days of history collectively control 6% of the circulating supply. Through on-chain analysis with bubblemap, three time node clusters hold 4.5% of the tokens. From the perspective of CEX inflow address clusters, a major exchange-related address cluster accounts for 59.8%. This distribution structure indicates that a large amount of tokens are concentrated in exchanges, with retail participation and dispersed holdings being relatively low, which has certain implications for long-term liquidity and price stability.