Continue updating @ NEARProtocol on chain data Recently, @ NEARProtocol has indeed shown good development momentum. New buyers and momentum buyers seem to have signs of accumulating momentum, combined with recent actions. However, on a larger scale, it still depends on the overall situation of the market. There was no interest rate cut in July and no interest rate meeting in August. If there is a rate cut in September, there will still be more than a month left. We can only continue to follow. The NEAR Herfindahl index is used to measure the share of network addresses in the current supply, known as chip concentration. A high index indicates that a small number of large holders are dominating the market, while a low index indicates a more even distribution of chips. As shown in the picture. When TOKEN was first issued, early holders often concentrated a large amount of supply and had high control over the market, resulting in a higher Herfindahl index. As these early holders sold off, the index began to decline, reflecting a gradual shift in token distribution from concentration to dispersion. More concentrated chips may not necessarily lead to a pullback, but they are more conducive to controlling the market and can amplify volatility. The concentration of chips has indeed been increasing recently, but it is not strong and needs to be further observed Then @ NEARProtocol - supply mapping, as shown in the figure, which has been explained in detail in terms of logic earlier, For reference and learning, my friends. Non investment advice.