According to CoinMeta, BARD has a total of 16,817 token holding addresses, with the top 100 addresses holding 99.57% of the tokens in total. Among them, the top three addresses hold 609 million tokens, which accounts for 60.9% of the total supply. However, not all of these tokens are freely tradable. The largest address holds 250 million tokens, accounting for 25%, corresponding to core contributors; the second-largest address holds 200 million tokens, corresponding to early investors; and the third-largest address holds approximately 159 million tokens, which is suspected to be related to the foundation or ecosystem. In addition, the top ten addresses also include the deposit address of Upbit, the hot wallets of Binance and Bybit, as well as multiple multi-signature contracts. Currently, about 60% of the tokens held by BARD are still untapped, and it is expected that 22.81 million tokens will be released on November 18th, which, at current prices, is approximately equivalent to 3.01 million US dollars, accounting for 2.28% of the total supply. In the near future, it will be important to monitor the transfers of these relevant addresses, as well as the net inflow changes of the exchange BARD, to determine whether the newly added tokens are actually entering the market.