Arkham(ARKM) Analysis & Market Overview
1. Project Overview
Arkham is building an intelligence platform that provides information on the real-world entities and individuals behind crypto market activity. They have developed a tool which enables users to search, filter, and sort crypto trades and transactions by value, token, time, and counterparty. Arkham is a Series A startup with over $12 million raised from investors including the founders of Palantir and OpenAI, and VCs including Geoff Lewis at Bedrock and Tim Draper.
2. Fundamental Analysis
The total supply of Arkham is 1 billion tokens, with a circulating supply of 150,000,000 tokens, accounting for 15% of circulation, which represents moderate liquidity. The 24-hour trading volume represents 56.53%, which means the trading volume was at an extremely high level.
3. Token Information
4. Ownership Distribution Analysis of Arkham (ARKM)on Ethereum
Highly concentrated, inactive trading activities, few smart wallets.
The data obtained from Etherscan and OK link reveals that the top 30 addresses collectively hold a significant amount of 98.15% worth $657.514 million.
The foremost address accounts for 28.96%, while Rank 2 holds ownership of 17.2%. Additionally, Rank 3 possesses ownership of 11.58%. These three holders collectively represent an ownership share of 57.74%.
Other distributions are dispersed around 10%, with Rank 4 (Binance. Cold Wallet) holding a share of ownership at approximately 10.23% and Rank 5 possessing an ownership stake of around 9.60%.
Furthermore, Rank6 has an ownership percentage of approximately 5.29%. Distributions after these ranks fall below the threshold of 5%.
It is noteworthy to mention that accounts such as Rank4: Binance. Cold Wallet, Rank 16: Binance. Deposit_2, Rank17: Bybit. Deposit, and Rank21:KuCoin. Cold Wallet is associated with token exchange tradings, token deposits, and token project corporation accounts.
The transactions recorded within 24 hours indicate that transfer activities occur inactively among the 30 locations, with a total of $518,435.66 invested, resulting in a strengthening of market share.
Among these transactions, the largest purchase is made by rank 16, which is equivalent to $261,126.394. The largest divestment occurs at rank 27 and reduces owned assets by -$61,829.222.
5. Major Holders of Arkham (ARKM)on Ethereum
#Rank1
Rank 1 possesses two distinct tokens, with ETH and ARKM being the valuable assets it holds, valued at $22.63 and $191.63k respectively.
In terms of the recorded transaction history, as a smart token contract, it autonomously executes transfer activities and facilitates transactions within a few minutes.
#Rank2
Rank 2 holds 3 different types of tokens, apart from ARKM with 172 million tokens, the other tokens have no real value.
By analyzing the transaction history, it is evident that the owner exhibits a relatively high frequency of transfers, conducting multiple transactions within a single day, indicating the presence of a smart contract.
#Rank3
Rank 3 has only one token that is ARKM on Ethereum, with an amount of 115.801 million tokens, which is worth $77.233M.
In July, Rank 3 has only engaged in three transactions, all of which involve token transfers into their account rather than out. These transactions have resulted in an accumulation of 115.8M tokens with a total value of $77.19M.
#Rank4
The previous section mentioned that Rank1 is associated with a token exchange, which exhibits a high degree of volatility.
#Rank5
Rank5 has 2 distinct tokens, including ARKM and one no-name token. ARKM holds the most important place, worth $63.24 million.
Similarly, Rank 5 made a total of two transfers, all of which were incoming transactions, amounting to 96.07 million tokens with a value of $63.23 million.
#Rank6
Rank6 has 2 distinct tokens, including ARKM and one no-name token same as Rank 5 has. ARKM holds the most important place, worth $63.24 million.
Only one transfer was made to this account, on July 6th, when a transaction was executed for the purchase of 52.94M tokens, and this position has been held since then.
#Rank7
Regarding Rank7, it possesses the same asset components as Rank5 and Rank6, which raises suspicion that these three ranks are controlled by a single individual.
Furthermore, the identical transaction dates and stagnant amounts further substantiate this suspicion. However, according to the OKlink web page, all of these transactions are associated with smart contracts. They may represent corporate contracts between token projects since ARKM trading on Binance was initiated on July 18th, 2023.
#Rank8
Rank 8 only possesses a single token, and the token assets represent the sole transaction on July 6th, involving the purchase of 30 million tokens and accounting for a 3% ownership stake. This date marks the announcement of this specific token, which is also accompanied by a smart contract.
7. Position Distribution
ARKM is above the main accumulation area in 2023, but ARKM has just been on the lists, so the reference significance of position distribution is small.
8. Contract Data
The Coinglass platform presents a real-time long/short ratio of 0.81 over 24 hours; nevertheless, this ratio indicates a well-balanced market sentiment with a bearish tendency.
The Binance platform currently holds the dominant position in ARKM contract trading. The long/short ratio exhibits a bullish inclination.
9. Recent News Highlights
9.1 Commercialization of on-chain data analysis platform
On-chain data analysis tools led by Nansen and Arkham, because of their high professional level and the main users are enterprises, their customized high-level data services are the core charging source. What is more interesting is that Arkham Intelligence has commercial subscription services for organizations. A blockchain intelligence reward platform, Arkham Intel Exchange, has also been developed to provide a pipeline for on-chain intelligence realization, where buyers and sellers can trade on the results of blockchain data analysis. First, buyers can find the specific Intelligence analysis content they need by offering a reward, sellers can also auction their own intelligence output, transactions are controlled and incentivized through smart contracts, using cryptocurrency tokens such as ARKM as a medium of exchange, and Arkham Intelligence takes a fee profit from it. Although the platform is currently used by a small number of users, the launch of Arkham Intel Exchange opens the door to a new business model that is innovative and crypto-native.
https://www.panewslab.com/zh/articledetails/hf284862.html
9.2 Binance Labs has announced an investment in Arkham’s native token ARKM 2023–11–15-PA First Line
According to the official blog, Binance Labs has announced its investment in Arkham’s native token ARKM. Arkham is an AI-driven blockchain intelligence and data platform that provides fine-grained information and visualization tools for on-chain activities.
The agreement introduces the world’s first on-chain Intelligence Exchange, the Arkham Intel Exchange, a decentralized intelligence economy that matches buyers and sellers of blockchain intelligence at scale and allows users who generate intelligence to capture value for their work. Through Arkham’s “Intel-to-Earn,” the platform incentivises intelligence production as a public good through bounties and auctions, as well as transactions and rewards backed by ARKM tokens. In addition, its data program rewards users for submitting intelligence used to train its proprietary AI engine, ULTRA.
https://www.panewslab.com/zh/sqarticledetails/sxbotz26.html
10. Summary
10.1. From the perspective of owner distribution, ARKM is relatively concentrated, with the top 30 holdings accounting for nearly 98%. Although the transfer time of most addresses is ahead of the listing time on the exchange, after excluding these accounts related to the project, the concentration is still high. Large fluctuations may occur in a short period. In addition, ARKM conducted an airdrop when it was listed, and these airdrop holders may suppress the price increase.
10.2ARKM has AI and an on-chain detective feature. Among them, the AI sector is currently hot, and in a bull market, the number of copy transactions will increase, and on-chain detectives will benefit from this. The project has a certain potential. Nansen, who is also a detective on the chain, has not issued coins for the time being, and ARKM is in the leading position.
Disclaimer:
This analysis is provided for informational purposes only and should not be construed as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or investment product. Cryptocurrency markets are highly volatile, and the value of tokens can fluctuate significantly in a short period.
Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. The information presented in this report is based on available data and market trends, and subsequent developments may impact the analysis.
The analysis relies on data from various sources, including blockchain explorers, exchanges, and news outlets. While efforts have been made to ensure the accuracy of the information, there may be unforeseen risks or events not accounted for in this report.
It is crucial to note that past performance is not indicative of future results, and the cryptocurrency market is subject to regulatory changes, technological developments, and macroeconomic factors that can influence prices and market dynamics.
Readers are encouraged to consult with financial professionals and conduct independent research before making any investment decisions. The author and Sypool disclaim any liability for financial losses or damages arising from the use of this analysis or reliance on its content.
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