Token $COVER shows significant concentration risk through wallet analysis. Over 55% of holdings are traced to interconnected addresses, raising concerns about potential coordinated movements and early-stage exit vulnerability. This level of wallet bundling typically indicates uneven token distribution during initial phases. Traders should evaluate such concentration metrics carefully when assessing project sustainability and actual decentralization status.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
FOMOSapienvip
· 2h ago
55% all held together? How is that decentralized? That's hilarious.
View OriginalReply0
SolidityNewbievip
· 21h ago
55% concentrated in a few wallets, isn't that just a classic pump-and-dump scheme?
View OriginalReply0
AirdropATMvip
· 21h ago
55% concentrated in a few wallets, this is outrageous, the run warning light has already turned on.
View OriginalReply0
NotGonnaMakeItvip
· 22h ago
55% held in a few wallets, isn't this just a clear move to harvest the little guys?
View OriginalReply0
DeFiAlchemistvip
· 22h ago
*adjusts alchemical instruments* 55% concentrated in interconnected wallets? that's not distribution, that's a transmutation waiting to happen... the philosopher's stone of this project is looking suspiciously like fool's gold tbh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt