On September 19, according to Bubblemaps, the OpenVPP (OVPP) token has been monitored for serious market manipulation. The data shows that 80% of the supply of the token is centrally controlled, and the first 150 holders receive funds simultaneously three days before the token is released (6 pm on August 21), and immediately snap up the tokens at the time of release.
The specific distribution is as follows: Coinbase cluster controls 10% of $OVPP, Union Chain cluster controls 10%, ChangeNOW cluster controls 20%, and Binance cluster controls 40%. The analysis revealed that the team found through pattern analysis that OVPP was split into smaller wallets and was clearly correlated with team/deployer clusters. The team snapped up 75% of the supply and has sold more than $1.20 million worth of tokens.
According to Bubblemaps, the OpenVPP project has previously claimed to be working on energy tokenization in a US policy partnership, but this has been denied by regulators.
Bubblemaps: OpenVPP tokens are heavily manipulated, with 80% of the supply centrally controlled
2025-09-19 02:40:13
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