Boundless @boundless_xyz public sale has been open for nearly two days now. Everyone online is talking about it, so what’s the real participation situation? On-chain data tells the story: So far, over 5,800 addresses have participated in the mint. Among them, more than 4,500 addresses contributed less than 1,000U, while nearly 200 addresses contributed over 10,000U—including 37 addresses with 250,000U. As of today, the sale has been oversubscribed by 5x. On the first day, the website even crashed—possibly because Kaito has a history of giving early participants larger allocations. There are still many people interested but waiting on the sidelines, mainly considering what size position to take. The main concern is the uncertainty around the capital lock-up period. The first two projects launched on Kaito haven’t had their TGE yet, so large positions might need to sit idle for 1-2 months. Potential missed opportunities during this time also need to be factored into the risk-reward calculation. Some noteworthy observations: ❶ Addresses contributing less than 1,000U still make up the largest proportion, which indirectly shows that most people are using a multi-account strategy. ❷ The 100-200U range has 900 addresses, making it the most common tier. On one hand, this reflects that many retail investors with smaller funds are focused on participating. On the other hand, some may be splitting large funds into smaller “minimum guarantee” accounts to maximize airdrop chances, given the precedent set by Espresso’s “mint and get rewarded” model. In summary: Allocate funds and accounts wisely based on your capacity. Always act within your means and plan your capital distribution carefully. Dune links below: https://((dune.com))/penley/boundless-kaito-capital-launchpad (Overall stats) https://((dune.com))/zunxbt/boundless-sale (Daily stats) @TinaLiu333 @RiscZeroCN