Who holds the token, and can you sell it?
Our October review re-read 37 of the 44 projects we cover and moved scores on 11. Last month we asked who can change the rules. This time we asked who holds the supply, and whether you could sell your position if you had to. Eight scores fell and three rose, and several of the moves corrected our own earlier evidence in both directions.
What shipped this week
NEAR lost $3.8M to its own bug, and got it all back. On 1 October 2026 a flaw in how NEAR's Omni bridge talked to the Intents contract was exploited; the team stopped the service, patched it and paused deposits on 11 networks. Founder Illia Polosukhin said on 2 October the funds were returned in full. The detailed report it promised "in the following days" had not appeared in that thread when we checked on 9 October. NEAR Intents, 1 October
Sahara's investors got their first quarter. On 25 and 26 September 2026 the Safe holding the early backers' allocation sent out 493.5 million SAHARA, a quarter of it, through a lock factory and a monthly distributor to dozens of wallets. Several recipients moved theirs on within hours. Trade coverage, including a Bitrue explainer, put the release at 157 million, about a third of what the chain shows moved. The team's quarter is due around December. The backers' Safe on Blockscout
Venice cut its emissions again, on the day it said it would. On 1 October 2026 the Venice multisig set staking emissions to 2 million VVV a year, and supply growth since then matches the new rate. It's the eighth cut since launch, and it landed on the announced day. Anyone can check the next one the same way: one contract call, visible on BaseScan. Venice review, emissions section
Phala put a lock between coding agents and the model. Private AI Proxy, released as open source on 30 September 2026, runs on your own machine and refuses to send a prompt unless the server proves, in hardware, that it's running the code it claims. Privacy becomes a check on every request, where most services ask you to trust a policy. It works only with services that publish that proof. Phala, Private AI Proxy
Who holds it, and can you sell it?
A token's decentralisation comes down to who holds it and who can change its rules. Liquidity decides whether you can sell it. The October review checked all three against the chain and the exchanges' own listings, and our earlier evidence was out of date in more places than we expected.
Concentration we had underweighted. Three projects lost points on Token Distribution Fairness:
Heurist. One Safe holds about two-thirds of supply, and the token has 82 holders in total. It trades on three venues with daily turnover under 0.2% of its market value, so selling a sizeable position would take days. Freedom and Returns both fell three points.
Vana. Ten addresses hold over four-fifths of native VANA, most of them unlabelled. Coinbase and Kraken don't list it, and Freedom and Returns each dropped from C to D.
Sentient. About seven-tenths of supply sits in team and investor multisigs. The community-facing allocation chart says something gentler; the score now leads with the chain.
Who answers to holders. NEAR's House of Stake is live, but a five-account council gates every vote, and its one approved protocol change hasn't reached mainnet. Flux's UK operating company entered administration on 4 September and its business was sold the same day to a connected Delaware company that publishes no accounts. Each lost a governance point.
Where you can actually sell. Liquidity is a fact about exchanges, so we checked the exchanges:
Nillion. Coinbase and Bybit spot don't list NIL, which our old evidence said they did. One exchange, LBank, carries about half the reported volume.
Ocean. Binance's OCEAN pairs sit in BREAK status, so the deepest market is now a Uniswap pool.
Allora. Turnover sits mid-pack in our set, where our evidence had it among the highest in decentralised AI.
Three moved up. Coinbase now trades Openmind's ROBO, which we had as roadmap. Kraken lists Nosana against dollars and euros. Coinbase lists FLock, though about half its turnover runs through Upbit.
Each of these is a reading anyone can repeat with a block explorer and an exchange's own pair list. Every move has a dated row on the project page.
Biggest movers this week
7-day change as of 9 October 2026.
Only 11 of the 41 tokens we track closed the week up. ElizaOS rose as much as sevenfold from the afternoon of 5 October on daily trading near twice its market value, and we found no announcement behind it; our review finds the token has no way to capture value while its company winds down. NuNet's rise ran on a market trading about a seventh of a percent of its value a day, still recovering from September's mint. ORA stays off the list: so little traded that its +58% is a stale quote.
Gainers:
ElizaOS (ELIZAOS) +251.3%
NuNet (NTX) +154.0%
Akash Network (AKT) +14.0%
Sentient (SENT) +11.2%
Aethir (ATH) +9.2%
Fallers:
Grass (GRASS) -14.9%
Openmind (ROBO) -14.9%
Phala Network (PHA) -14.5%
Cookie DAO (COOKIE) -13.7%
Venice (VVV) -13.3%
See all movers: ownyourmind.ai/projects/movers/
What we verified this week
Beyond the 11 score moves, the review rewrote evidence on dozens of pages. The sharpest:
The SingularityNET mint, read on chain. The breach that hit Fetch.ai and NuNet on 19 September also minted AGIX through SingularityNET's own conversion contract the next day. AGIX is paused and is to be replaced.
Olas raised the bar for proposals fiftyfold. A governor vote executed on 13 September lifted the proposal threshold from 5,000 to 250,000 veOLAS and quorum from 3% to 10%. Fewer holders can now put a question to a vote.
Golem published a security review, and we fixed our audit history. Golem's 23 September review found one critical issue among 36, fixed in yagna v0.17.10, with no sign of exploitation. Separately, we had credited the wrong firm with auditing GLM: OpenZeppelin audited the 2016 GNT, while Trail of Bits and CertiK audited GLM.
Intelligent Internet's mainnet date passed. Emad Mostaque's April target of roughly September 2026 lapsed with no chain, token or mainnet news on its releases page.
Morpheus's self-custody traffic hit a record. Tokens processed outside the API Gateway, by people running their own nodes, set a monthly high in September on Morpheus's own tracker. The network total still sat about a third below July.
A correction: NEAR's treasury does get its 10%. Issue 17 said NEAR's treasury receives nothing from new issuance, because a protocol setting reads zero. We measured the payouts on 9 October: at every epoch boundary
treasury.nearreceives 10% of the new supply, as NEAR's spec says, and stakers take the other 90%. A revised NEAR issuance proposal had flagged the setting as unreliable two days earlier. The review, the integrity board and the September digest are corrected. NEAR review, issuance section
See the full integrity board: ownyourmind.ai/integrity/
On the watchlist
Whether Nillion's Ethereum L1 keeps growing. It was live when we checked on 7 October, with 21 nodes and 7.22M NIL staked, while the old L2 was down to 7 operators.
Whether NEAR publishes the Intents incident report. The fix and the refund are on record; the explanation isn't.
Whether Bittensor's Gamma tokens get a design. Co-founder Const proposed on 28 September that subnets turn part of their emissions into credits spent on each other's compute. No mechanics are published yet.
Whether IoTeX's Zanzibar fork lands around 19 October. It switches on on-chain voter rewards.
Whether Sahara's team quarter follows in December. The investors' quarter took two days to move.
From the site
Claude Code and opencode on open-weight models, tested on Morpheus with GLM, Kimi and DeepSeek: ownyourmind.ai/use/claude-code-opencode-open-weight-models/.
Connect your agent to Morpheus: pick your agent, then your route: ownyourmind.ai/use/connect-your-agent-to-morpheus/.
Lium, updated. Bittensor subnet 51's own fleet feed now prices its GPU rentals, and the emission subsidy still outweighs them: ownyourmind.ai/tokenomics/lium-bittensor-subsidy-ratio/.
The OYM podcast is on Spotify, Apple Podcasts and the major directories under "Own Your Mind".
Cheers,
Bobski
Own Your Mind. Independent research on decentralised AI. No sponsors.
ownyourmind.ai · @ownyourmindai · @0xbobski
Disclosure: OYM holds AKT, GLM, GRASS, MOR, NEAR and VVV.
