Embers: The top 20 addresses holding PSTAKE hold a total of 413 million PSTAKE, accounting for 82.65% of the total.

According to on-chain analyst Yu Jin's monitoring, the top 20 addresses holding PSTAKE coins collectively hold 413 million PSTAKE, accounting for 82.65% of the total. Among them, the project party's wallet holds 66.66 million coins (13.33% of the total); Binance Labs holds 25 million coins (5% of the total, obtained through investment in 2022); and Peak XV Partners (formerly Redwood Capital India & Southeast Asia) holds 15 million coins (3% of the total). Investment institutions and project parties hold a relatively large amount of tokens, and the chips are relatively concentrated.