The Swell Network token demonstrates promising growth with 49,715 unique token holders across Ethereum and Swell blockchain networks, with 41,981 wallets holding tokens for over a month, indicating a stable long-term investor base. However, the token faces centralization risks, as the top 2 Ethereum holders control 50% of the total supply, and the top 10 holders command 93.4% of the circulating supply. The token also shows a multi-chain presence, with 47,156 addresses on Ethereum and 2,561 on the Swell network, suggesting an early-stage cross-chain distribution strategy.