1% of creator addresses launched nearly 39% of https://t.co/5TMemGYtFF's coins. That number gets even more interesting when you look at the wallets behind those addresses. Researchers examined over 15 million token launches. After grouping creator addresses using funding connections, the top 1% of clusters accounted for as much as 58.6% of the coins created. Think about that for a second. Millions of launches on the surface, but a surprisingly concentrated group of creators behind a huge share of them. It's also why @zerufinance 's approach with zETH is worth following. Instead of distributing privileged launch allocations to a developer or selected insiders, the miner race uses verified Ethereum activity to determine who earns early seats. Different starting point. But it doesn't automatically solve concentration. Funding-linked wallets aren't perfect proof of common ownership, and we still need to see how broadly zETH miner seats are distributed. That's what I'd like to see more people measuring. Not just how quickly supply burns, but whether the opportunity actually reaches a wider group of genuine contributors. A launch can look fair on paper. The distribution is where that claim gets tested.