@dzenarb
I recently conducted an on-chain analysis of the Lootcoin ecosystem and wanted to share some high-level observations with the community.
Out of approximately 900 $LOOT holders, I identified 325 wallets that show strong indicators of Sybil farming behavior.
That’s around one third of the entire holder base.
Such concentration of Sybil activity can significantly:
distort on-chain metrics and analytics,
misrepresent real user adoption,
affect how the project is perceived by new users, partners, and investors.
I’m intentionally not publishing wallet lists publicly at this stage — the goal here is discussion, not accusations.
Question to the community:
Do you think identifying and addressing Sybil farms is something projects should actively do, or should this be considered an acceptable part of permissionless ecosystems?
Curious to hear different perspectives.
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