The $BLACKLINE project demonstrates a relatively healthy holding structure. According to developer analysis, there are no sniper bots or insider issues with this token. Dior and Sling, as the main holders, have a relatively balanced share. Notably, in the bubble chart holding analysis, a single cluster accounts for only 2.5%. However, the CEX holding cluster has a high proportion, reaching 56.8%. Another noteworthy data point is that wallet addresses originating from Binance hold 25.9%, indicating significant participation from exchange-related addresses in this project. Overall, the token's distribution and exchange flow need to be continuously monitored.