What CoinGraph said about blackrock-usd-institutional-digital-liquidity-fund, exactly as issued.

{
  "token": {
    "id": "blackrock-usd-institutional-digital-liquidity-fund",
    "name": "BlackRock USD Institutional Digital Liquidity Fund",
    "rank": 48,
    "symbol": "BUIDL"
  },
  "reasons": [
    {
      "text": "Top 10 holders own 100% of supply (incl. exchange and contract wallets)",
      "source": "goplus/nownodes holders",
      "dimension": "supply"
    }
  ],
  "verdict": "avoid",
  "snapshot": {
    "market": {
      "rank": 48,
      "as_of": "2026-10-21T03:08:00.000Z",
      "ath_usd": 1,
      "atl_usd": 1,
      "sources": [
        {
          "as_of": "2026-10-21T03:08:00.000Z",
          "endpoint": "/coins/markets",
          "provider": "coingecko"
        }
      ],
      "ath_date": "2025-02-11T21:00:10.000Z",
      "price_usd": 1,
      "change_pct": {
        "1h": 0,
        "1y": 0,
        "4h": 0,
        "7d": 0,
        "15m": 0,
        "24h": 0,
        "30d": 0,
        "200d": 0
      },
      "low_24h_usd": 1,
      "from_ath_pct": 0,
      "from_atl_pct": 0,
      "high_24h_usd": 1,
      "market_cap_usd": 2203363384,
      "volume_24h_usd": 0,
      "volatility_24h_pct": 0,
      "volume_to_market_cap": 0,
      "fully_diluted_valuation_usd": 2203363384
    },
    "supply": {
      "top_holders": {
        "as_of": "2026-10-21T00:50:00.000Z",
        "top10": 100,
        "top20": 100
      },
      "fdv_to_market_cap": 1
    },
    "derivatives": {},
    "liquidity_depth": "unassessed",
    "onchain_flows_24h": {
      "net_usd": 0,
      "inflow_usd": 0,
      "outflow_usd": 0
    }
  },
  "confidence": 0.86,
  "dimensions": {
    "supply": {
      "rating": "avoid",
      "reasons": [
        {
          "info": true,
          "text": "FDV / market cap 1",
          "source": "coingecko:/coins/markets"
        },
        {
          "text": "Top 10 holders own 100% of supply (incl. exchange and contract wallets)",
          "source": "goplus/nownodes holders"
        },
        {
          "info": true,
          "text": "Unlock schedule: unassessed (no free source)",
          "source": "coingraph"
        }
      ]
    },
    "context": {
      "rating": "ok",
      "reasons": [
        {
          "text": "No fundamental or mood flags",
          "source": "coingraph"
        }
      ]
    },
    "onchain": {
      "rating": "ok",
      "reasons": [
        {
          "info": true,
          "text": "Exchange net flow $0 in 24h: normal",
          "source": "nownodes:eth_getLogs"
        }
      ]
    },
    "contract": {
      "rating": "ok",
      "reasons": [
        {
          "text": "Upgradeable contract (proxy): the code can change (ETH)",
          "source": "goplus:/token_security"
        },
        {
          "text": "Issuer controls are expected for this kind of asset (stablecoin or tokenized fund) (ETH)",
          "source": "goplus:/token_security"
        }
      ]
    },
    "leverage": {
      "rating": "ok",
      "reasons": []
    },
    "momentum": {
      "rating": "ok",
      "reasons": [
        {
          "text": "1h 0%, 24h 0%: nothing stretched",
          "source": "coingecko:/coins/markets"
        }
      ]
    },
    "liquidity": {
      "rating": "unassessed",
      "reasons": []
    }
  },
  "disclaimer": "CoinGraph never executes, custodies or advises. The caller decides.",
  "size_check": null,
  "watch_next": [
    "Order-book depth recovering, or split the order over time"
  ],
  "policy_check": null
}