ARROW Token 80% of Chips Concentrated in Associated Addresses, 200 Wallets from the Same Source

Bubblemaps has found that the ArrowFinance token ARROW on the Robinhood Chain exhibits a high degree of bundling, with 80% of the chips concentrated in associated addresses. A cluster of 200 wallets completed their purchases within three minutes of the token's launch, all funded by the same source, raising suspicions of a coordinated effort to target the token's issuance. Bubblemaps also discovered several other large clusters of associated addresses. ARROW was launched on July 4, reaching a market cap of $30 million at one point, ranking second among related tokens on the Robinhood Chain, only behind CASHCAT.

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