Woofun AI data shows that 75% of the BMEX token supply allocated to BitMEX for employee incentives, ecosystem development, and reserves has never been distributed. In 2021, 92% of the total supply was locked in ownership contracts, with only 8% released at launch, comprising a 5% airdrop and 3% for products and liquidity. The sole subsequent claim occurred on November 2, 2022, when the products and liquidity address received 63.75 million BMEX tokens. Addresses designated for employee and ecosystem allocations did not claim any tokens. Bubblemaps observed that these allocations were never issued based on public token economics, though contract adjustments may have occurred later.