In the crypto assets market, many traders often debate various favourable or unfavourable information, but overlook a key factor: the distribution of token holdings. Even if a project's price skyrockets, if 90% of the supply is concentrated in 10 addresses, this rise is likely just the result of manipulation by a few individuals, and ordinary investors can easily become victims.

In this context, the importance of on-chain data analysis tools is becoming increasingly prominent. These tools can visualize complex on-chain capital flows, revealing who is secretly accumulating chips, which addresses are conducting large-scale transfers, and whether there are hidden address associations, among other key information. This ability to transform complex data into understandable information enables every investor to access important market insights that might have only been grasped by a few.

Furthermore, some innovative platforms are transforming on-chain investigations into a 'crowdsourcing' model. Whether it's professional analysts or ordinary users, as long as they can identify and verify abnormal fund situations, they may receive rewards. This mechanism essentially turns market supervision into a task that everyone can participate in, greatly enhancing the market's self-purification ability.

In this ecosystem, certain tokens are not just objects of trade but have become tools for incentivizing cooperation. By rewarding valuable contributions and monitoring behaviors, this mechanism makes the pursuit of market transparency an economically rewarding activity. With the promotion of this model, opaque operations in the market will decrease, and project parties may invest more energy in substantive ecological construction rather than simple price manipulation.

Looking ahead, the competition in the crypto market is likely to revolve around 'data credibility'. Projects and platforms that can provide a high level of transparency will have an advantage in this competition. This trend should not be viewed as a disruption of the existing order, but rather as a return to and strengthening of market fairness.

With these changes occurring, investors should not only pay attention to the surface data of projects when making decisions, but also delve into the underlying funding structure and liquidity situation. Only by grasping this key information can one make more informed choices in this rapidly changing market.