Over the years of making meme coins, situations like this are really rare. 220,000 holding addresses is almost unheard of in small-cap projects. Generally speaking, with such a dispersed number of holders, the market cap shouldn't be too low. This phenomenon is quite interesting, indicating either that big investors entered early and locked in their chips, or that a large number of retail investors have recently flooded in. Regardless of the case, such a holding structure is not common among meme coins and is worth paying more attention to.