Previously, 71% of the people who operated the train from koge-zkj had a wallet balance of 0, which implies that there are more than 30,000 associated accounts in the market. This has now been verified.
Conclusion:
1. There are a total of 32,118 associated accounts.
2. There is surprisingly 1 studio with 180 accounts, and there are 6 studios with more than 100 accounts.
3. There are over 4,000 groups with two or three accounts, which should mostly be small family-style groups, and there should be far more than this number, as many that do not transfer funds cannot be captured.
~ I really admire these large studios, and later I will see if I should share their scoring methods to learn together.
For detailed data, see the image below. Definition of associated account group: For example, if address A transfers funds to address B (A→B), B→C, A→D, E→C; then (A, B, C, D, E) is defined as an associated account group because they have direct or indirect connections. The size of this associated account group is 5.
Data criteria: The data is from June 12, 2025, when the number of people scoring peaked. Additionally, transfer connections only count those that occurred on that day; for example, historical transfers do not count as an associated account group if there was no transfer on June 12, 2025. Although many people left in the past two days, it can be assumed that most of them are retail investors. We can look at the data again once it stabilizes.
