Although 86% of PHB circulating coins are in Binance’s three major wallets and pledge contracts, Dune Analytics on-chain data shows:
In the past few months, the number of wallets (Holders) and whales (Whales) wallets on the PHB chain has grown rapidly, indicating that more and more people recognize the fundamental value of PHB and are willing to hold it for a long time (most holders of Binance wallets are short-term speculators).
I am optimistic about the AI track and Phoenix Project ($PHB).
