The token distribution of Psyco Bet has raised concerns. Data shows that 87% of the circulating supply of $PSYCO is concentrated in just 8 wallets, indicating a relatively high token concentration in the early stages of the project. The project is deployed on the Base chain, which has recently seen increased activity, attracting many new projects to settle in. From on-chain data, such a distribution structure is worth noting — the concentration of large holdings may impact price stability and market liquidity. For investors tracking emerging projects, understanding token distribution, wallet activity, and the project's fundamentals can help evaluate its growth potential and risks more rationally. Interested friends can use on-chain analysis tools to delve deeper into the project's performance data.