$P token distribution tells an interesting story about early concentration. Insiders control just 5% according to dev insights, with Yenni among the notable early holders. But here's where it gets revealing: a single cluster holds 2.6% of the supply. The exchange landscape is heavily skewed—CEX map cluster dominates with 50.6%, while major platforms show substantial allocation: certain major exchange funded wallets account for 21.1%, another major exchange wallets hold 20.8%, and another sits at 4.7%. The lack of snipers in the initial distribution actually stands out. These numbers suggest the token's early phase was driven more by institutional and exchange positioning than typical retail sniper activity.