The distribution pattern of the $AGNT token has emerged. According to on-chain data analysis, insiders hold 3% of the supply, and participants in the sniper phase account for 3.4%. From the bubble chart, there is no obvious large-scale concentration of holdings. However, liquidity is clearly concentrated on CEXs, with top exchange wallet clusters holding 61.4%. Among them, a certain top exchange-related wallet accounts for 20.6%, a compliant platform accounts for 14.6%, another exchange accounts for 4.2%, and a cross-chain tool accounts for 3.7%. Overall, the project's token liquidity is relatively concentrated on mainstream trading platforms, with retail and large holders' direct holdings accounting for a relatively small proportion. This distribution pattern may have a certain impact on the volatility of the secondary market.