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I recently saw a MEME project become popular, but upon closer inspection, I found a problem. A well-known industry figure actually took control of 39.2% of the tokens. What kind of operation is this?
Honestly, I really don’t understand this kind of ownership structure. Don’t be fooled by how hot MEME coins have been in the past two years, but highly concentrated token distribution is like a Damocles sword hanging over all retail investors. Once the big players dump, the bottom-tier investors will lose everything.
So, do you think such a market is worth engaging with? On the surface, MEME coins seem to be riding the wave, but in reality, the risks are piling up. With such a high concentration, it’s basically like entrusting your fate to one person’s decision. MEME investment is already a high-risk game, and adding this kind of ownership pattern makes it really like flipping in a casino.