According to the analysis released last Monday, about 8 percent of the traders on the anonymous digital asset platform LAPPOT recorded losses in their trades. The total volume traded was estimated at 1 billion units, and it was confirmed that a large portion of this volume was concentrated on a handful of wallets.
The Bubblemaps research institute analyzed trade data from public sources and found that roughly 11,000 traders had incurred losses under $1000 each. Additionally, about 700 people lost less than or equal to $1 million (≈$1341 k), while more than 100 people lost over $10 k. This shows that both small‑scale and large‑scale loss‑takers are represented.
The analysis also confirmed that 80% of the total volume was concentrated on a handful of multi‑signature wallets. Of these, 8 billion units were held by a system called “Gnosis Safe” (a multi‑signature system), and the top five wallets accounted for almost 99.85% of the entire volume. The effect that such concentration has on trade volumes and losses requires further data analysis.
In another example, a trader was found to have gained about $1 18 million (≈$15 820 k) from an investment of 100 ETH ($24 9800). This gain demonstrates that some traders can earn profit, but it should also be recognized that this does not give a large influence on the overall market.
The analysis emphasized that price movements and the buying/selling results for individual wallets are derived from different criteria. Therefore, an analysis based solely on blockchain records may not reflect internal trades or wallet‑to‑wallet transfers. These limitations indicate that more extensive data is needed to determine how concentration affects prices and profit in LAPPOT transactions.