$LOCAL token distribution shows interesting holder concentration patterns. According to on-chain analysis, insiders control 4% of the supply while early snipers hold 3.3%. Stellarbased, Loopierr, and Pain have emerged as top holders with significant positions.

The bubblemap reveals no major concentrated clusters forming at this stage—a healthier distribution picture. However, the centralized exchange map shows notable activity, with CEX-mapped wallets accounting for 62.2% of tracked liquidity. Binance-funded wallets represent a meaningful portion of this exchange-level concentration, indicating strong institutional and exchange infrastructure participation in the token's early liquidity formation.