Bubblemaps: Approximately 80% of Robinhood Chain Lending Token ARROW Concentrated in a Few Addresses

Odaily Odaily reports that, according to Bubblemaps monitoring, approximately 80% of the ARROW token for the lending protocol Arrow Finance on the Robinhood Chain is concentrated in a few addresses. On-chain analysis shows that 200 wallets, which had no prior EVM interaction history, purchased ARROW within 3 minutes of the token's launch. These addresses were all funded from the same source address, 0x0a5…6a6c, at the same time.

Bubblemaps noted the existence of several large address clusters and has advised investors to exercise caution when trading ARROW, ahead of its product's official support for the Robinhood Chain.