EOA, no Etherscan label, no Contract tab. 1,038 transactions, $69M position across 47 tokens. Token transfer history shows regular Subscribe (mint from null) and Redeem (burn to Ondo Finance: OUSG In...) pattern — consistent with active institutional cash-management position, not protocol infrastructure.

Score impact: Kept in concentration calc. 19% real institutional concentration is accurate and should be reflected in the score. Post-exclusion top-10 ≈ 19% → 25/25.

Provenance

Analyst notes

Confidence 80% (below 90% exclusion threshold) — kept-in decision, not exclusion, so lower confidence is acceptable. Conservative choice is correct here.