The current distribution of EARN tokens' liquidity has raised concerns: 94% of the tokens are concentrated in just 20 wallets. What does such an extremely uneven distribution imply? From a risk perspective, excessive market liquidity concentration makes it vulnerable to large sell-offs. For EARN deployed on the Ethereum blockchain, whether its true market activity and escape velocity can support a healthy price discovery mechanism warrants close observation. With such a high token concentration, early participants need to carefully assess the project's long-term sustainability and the broad participation of ecosystem stakeholders.