The holding structure of the INMU project is worth paying attention to. According to on-chain data analysis, the team holds 7.9% of the supply, while snipers hold 6.2%. Interestingly, a large number of new addresses have appeared among the top 100 wallets, which may indicate that the level of decentralization is not as ideal as it appears on the surface.

BubbleMap's heatmap shows that over 40% of the holdings are bundled, which is a warning sign. More notably, the top 70 holders collectively control 62.2% of the circulating supply. This highly concentrated distribution, especially among the top whale accounts, usually indicates a higher risk of sell pressure.

For investors interested in INMU, it is essential to thoroughly assess the potential market volatility risks that such an extremely concentrated holding pattern may bring before participating. On-chain data is transparent, but the risks are also very evident.