Bubblemaps: High Concentration Risks in Robinhood Chain Lending Token ARROW

CoinFeed July 9 news, according to Bubblemaps, about 80% of the Arrow Finance token ARROW on Robinhood Chain is concentrated in a few addresses. On-chain analysis shows that 200 wallets with no previous EVM interaction records bought ARROW within 3 minutes after the token launched, and these addresses were funded at the same time by the same funding source (address 0x0a5…6a6c). Bubblemaps points out that there are also multiple large address clusters, and reminds investors to be cautious when trading ARROW before its product officially supports Robinhood Chain.