🔍 $XPIN On-Chain Data Breakdown XPIN Network (XPIN) has been launched on Binance Alpha, with a single number generating approximately $40 in profit. The following are the on-chain tracking results: 1️⃣ Token Distribution Total Supply: 100 Billion $XPIN Top 100 Addresses Holding: 99.49 Billion (99.49%) Top 7 Addresses Holding: 96.7 Billion (96.7%) The top 100 addresses have been completely static over the past 24 hours, with no significant inflows or outflows. 2️⃣ Developer-Related Addresses ⚠️ Developer-Related Addresses: Contract Address: 0x008a28809dDF6cF12eDeF360F9aB20F58C3c5fF7 ⚠️ Developer Address: 0x0b40F12F025D7cB67Ee9E4Fb7e116A0b8D0eE9F7 👉 Approximately 920 (92%) Still locked/controlled by the team 3️⃣DEX Trading Status PancakeSwap V3: 24h trading volume $11.9M, accounting for 80% Binance Alpha DEX: $5.3M Liquidity Depth: Pancake V3 can handle orders of ~$20,000 with ±2% slippage The secondary pool is extremely shallow; orders above $2,000–3,000 face double-digit slippage More traders are choosing PancakeSwap! 4️⃣ Liquidity and Trading Behavior Liquidity/FDV Ratio: <0.04% (Extremely Low) Arbitrage Bots Dominate Trading Volume XPIN/USDT V2 Pool First 19 Hours: 5,696 Trades Total Volume $1.02B Buy/Sell Ratio: 2844 Buyers vs. 2852 Sellers Conclusion 👇👇 Token concentration is extremely high, with the team controlling 92% of the tokens. Liquidity is extremely low, making real large trades difficult. Without large investors participating, be cautious when bottom fishing! Arbitrage Bots dominate the market; retail investors should exercise caution! $XPIN is more of a team-led experimental token, offering significant short-term arbitrage opportunities, but also significant risks.