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> 100M tokens, mostly held by 0x1c8e38a96292134bd38752376fa8f1a5d1edd443 This is the most fascinating thing about these crypto projects: Somehow, the artificia
by PragmaticPulp 5y ago
> 100M tokens, mostly held by 0x1c8e38a96292134bd38752376fa8f1a5d1edd443
This is the most fascinating thing about these crypto projects: Somehow, the artificially large "market cap" number actually works in their favor to attract more people. A coin with a $220 million market cap looks like it's popping. Yet even the slightest attention to details shows that it couldn't be further from the truth.
In this case, they hold 99.9658% of all coins.
The next largest holder is PancakeSwap with 0.0164%
After that, the next largest holder has 0.0031% of all coins with 3,060 Pirate Token.
Nobody could possibly be interested in these coins for anything other than rolling that dice and seeing what happens next. Just don't be the last person in the hype chain.
- jcpham2 5y agoTen years ago we defined this as a pre-mine scam, meaning run don’t just walk away. It’s crazy how much as changed since 2012.