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Nansen: AVNT token price surges but holdings are highly concentrated

Source: ForesightNews
According to Nansen data, the price of AVNT tokens on the Base network continues to rise, but its ownership is highly concentrated: the first 100 wallets still hold 84% of the supply; the balance of these wallets has dropped by 2% in the past 30 days, while the token price has soared from $0.20 to $1.20; the exposure to smart money addresses is only 313,000. Although prices continue to rise, distribution risks do exist.
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