I occasionally keep an eye on some on-chain tokens too, and take a small punt. Lately, I’ve seen a lot of people—including some major KOLs—promoting $DNA on the Square. I really want to know: would anyone actually dare buy a coin where the top ten holder addresses own 98% of the supply and the market is so heavily controlled by insiders? Isn’t that just an outright cash grab at retail investors’ expense?
Everyone, please keep your eyes open. A lot of KOLs on the Square are paid to promote these things. Listen to them, and sooner or later you’ll lose everything.