Continue updating @ NEARProtocol on chain data The percentage of token supply held by the top 1% of addresses. Excluding exchange addresses, smart contract addresses, and other special asset specific addresses (such as team fund addresses) as shown in the picture @ NEARProtocol CBD data The Cost Based Distribution (CBD) heatmap provides a detailed visualization of supply density at price levels over a specific time period (e.g. 1 month, 1 year). By selecting a time range, the indicator will display a heatmap, where the y-axis represents the cost basis on a logarithmic scale, ranging from below 1% of the lowest price to above 1% of the highest price during the selected time period. The color depth of each pixel reflects the concentration of supply at that price level, allowing investors to identify the acquisition time points corresponding to important parts of the asset supply. This visualization approach helps to better understand the correlation between price levels and cumulative supply density, thereby gaining insights into potential support and resistance areas based on historical levels. Herfindahl index, also known as chip concentration 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 current concentration of @ NEARProtocol chips is shown in the figure The above is for reference and learning. Non investment advice, thank you