🔍 $XPIN On-chain Data Breakdown

Binance Alpha Launches XPIN Network (XPIN), single order profit approximately $40u. Below are the on-chain tracking results:

1️⃣ Token Distribution

Total Supply: 100 Billion $XPIN

Top 100 Addresses Hold: 99.49 Billion (99.49%)

Top 7 Addresses Hold: 96.7 Billion (96.7%)

Top 100 Addresses have been completely static in the past 24h, with no large transfers in/out

2️⃣ Developer Related Addresses

⚠️ Developer Related Addresses:

Contract Address: 0x008a28809dDF6cF12eDeF360F9aB20F58C3c5fF7

⚠️ Developer Address: 0x0b40F12F025D7cB67Ee9E4Fb7e116A0b8D0eE9F7

👉 Approximately 920 (92%) still locked/controlled by the team

3️⃣ DEX Trading Situation

PancakeSwap V3: 24h Trading Volume $11.9M, accounting for 80%

Binance Alpha DEX: $5.3M

Liquidity Depth: Pancake V3 can support ~$20K per trade, ±2% slippage

Sub-pool depth is extremely shallow, facing double-digit slippage for trades above $2–3K

More traders choose Pancakeswap!

4️⃣ Liquidity and Trading Behavior

Liquidity/FDV Ratio: <0.04% (extremely low level)

Arbitrage bots occupy the main trading volume

XPIN/USDT V2 Pool Online First 19h:

5,696 Transactions

Total Volume $1.02B

Buy/Sell Ratio: 2844 Buys vs 2852 Sells

Conclusion 👇👇

Token concentration is extremely high, with the team controlling 92%

Liquidity is extremely low, making real large trades difficult, and there are no large players participating in buying, caution is needed for bottom fishing!

Arbitrage bots dominate the market, retail participation should be cautious!

$XPIN appears more like a team-led experimental token, with significant short-term arbitrage potential, but the risks are equally substantial.