$ELLIE (CA: 7pL98QbnrMZCe5FEKajSdTTgLn6Thf5CFaozLkayBAGS) presents an interesting case study in token distribution patterns. At 162 days old, the token is beyond the standard analysis window—traditional dev tracking tools no longer apply here.

The on-chain data reveals some noteworthy concentration metrics. Minor holder clusters are scattered at 4.7%, 7.9%, 4%, and 3.8% respectively. However, the CEX map cluster dominates significantly at 76.6%, indicating substantial exchange concentration. More notably, centralized exchange-funded wallets account for 31% of holdings, suggesting heavy reliance on institutional exchange support.

What stands out: there's virtually no KOL backing for this project. Combined with the elevated CEX concentration rates, this paints a picture of a token heavily dependent on exchange infrastructure rather than organic community traction. Investors might want to factor this into their risk assessment.