Part 6/10:
One aspect that sparked curiosity was the distribution of the initial coin supply. A staggering 36% of the tokens were allocated to the creators and their associated companies, while other portions were designated for creators in follow-up groups. This allocation raises questions regarding the centralization of the coin, as the vast majority of the tokens will eventually end up in the hands of a select few insiders.
The potential for future market manipulation cannot be overlooked. The daily influx of new tokens, particularly after the initial 3-month lock-up period, has prompted skepticism over the sustainability of the coin’s price as insiders begin to accumulate substantial holdings.