Recently, I came across a ludicrous event while reviewing on-chain data — a token called ICNT was flagged by an on-chain address labeling tool with a shocking revelation: all the top holders labeled as “large holders” turned out to be suspected “phishing addresses”! This operation left me dumbfounded; has the scheme to exploit investors become so AI-driven and indiscriminate now? They want to take away even the fifty cents in your pocket?
Let me break it down for the newbies: how much of a scam is this?
As an analyst who is constantly grappling with on-chain data, I must tell you something practical — tokens of this kind, labeled as “large holders = suspected phishing addresses,” are essentially traps that sharpen the scythe quickly.
Concentration of holdings hides tricks: normally valuable tokens have holdings spread among project parties, institutions, and long-term investors. But in the case of ICNT, where 'all major holders are high-risk addresses', it indicates that the chips are all in the hands of a few people, and these people are very likely to accumulate addresses through phishing, theft, etc., with the probability of pumping and dumping after accumulating directly maxed out.
Address labeling is not a 'joke': although the information from on-chain labeling tools is not 100% absolute, the 'suspected phishing' label is certainly not unfounded. Such addresses often have multiple abnormal transfers and records of associated theft events; tokens related to them are like having someone nearby who might pick your pocket at any moment.
The underlying logic of 'AI universal killing': many tokens without practical applications rely entirely on 'riding the hype + controlling the market' to make profits. They harvest regardless of whether you are a newcomer or an old player, as long as they see someone entering the market, they harvest, under the guise of 'universal killing', when in reality, it's just an unscrupulous money-making scheme—after all, what kind of perspective can someone who is eyeing even five cents have?
My heartfelt advice: stay away from such 'bizarre tokens'
Having played in crypto for so many years, I've seen more traps than I've had meals; today, I'll emphasize 3 avoidance principles, especially for newcomers to remember firmly:
Check on-chain data before taking action: regardless of the token, first look at the holding distribution, the proportion of the top 10 holders, and address labels. If all the major holders are anonymous high-risk addresses, just pass it up; don't hold the mentality of 'taking a gamble'.
Don't touch tokens without practical applications: many tokens now, besides manipulating the market, have white papers that are a mess, not to mention actual projects. These 'air tokens' may rise sharply but are just an illusion; when they fall, they can cause your principal to go to zero.
Don't be deceived by 'low prices': many people think 'a token worth one or two cents can't drop much', but tokens like ICNT, which have problems even with major addresses, can be 'fishing traps'—while you think about making five cents, others are eyeing your principal.
In fact, the crypto market has never lacked opportunities, but what it lacks is the 'clarity to avoid pitfalls'. Tokens like ICNT, which blatantly show the 'scythe', purely treat investors as fools. I will continue to expose more bizarre on-chain cases, break down avoidance techniques, and bring the most practical analysis to everyone. Follow me@链上标哥 , and don't get lost!
