Recently, another meme coin has been listed on a major exchange. Looking at the token distribution, the founder holds 39.2% of the tokens, which is indeed a bit alarming. Honestly, this highly concentrated ownership structure is like a Damocles sword hanging over retail investors.

What’s even more heartbreaking is that this coin still retains four zeros. Many projects go from listing to ending with just one zero, with prices plummeting. The high token concentration combined with such an initial price almost openly tells you where the risk lies—once the big players decide to sell off, the consequences are obvious.

Therefore, before participating in such projects, you must carefully scrutinize the token distribution. Don’t be blinded by the hype.