$Baby token has now matured beyond the standard dev analysis window at 64 days old. The token distribution shows concentrated ownership patterns worth noting: 4.1% of supply remains locked for 28 days, with gake and wanan commanding significant positions as top holders.

The supply concentration is notable—two distinct clusters control 4.3% of circulation, while the CEX map cluster alone represents 64.2% of total supply. Most intriguing is the wallet activity tied to major exchange infrastructure, suggesting substantial institutional involvement in the token's liquidity infrastructure.

This level of centralization around exchange-funded wallets raises questions about true decentralization versus operational necessity for market depth.