OpenLedger ($OPEN ) – Healthy Tokenomics or Whale Centralization? 🐳

Checked BubbleMaps today and honestly… the numbers don’t look great.

🔍 Facts:

🔸   One wallet controls ~45% of the total $OPEN supply.

🔸   Top cluster of wallets together hold over 53%.

🔸   If we add the next big holders → more than 85–90% of supply sits in just a handful of wallets.

💡 Why does it matter?

🔸   This doesn’t look like real decentralization – the market breathes only when whales allow it.

🔸   A few big players can move the price with a single transaction.

Price discovery isn’t organic – it’s dictated by a concentrated group.

⚖️ The big question:

Is this just an “early distribution stage” (treasury, vesting, unlocks)… or is $OPEN a project where control will never really leave a few wallets?

Personally – fundamentals may be promising, but tokenomics like this feels like a Titanic situation: strong ship, dangerous iceberg.

#open #OpenLedger #decentralization #Tokenomics #crypto