🚨 $FOLKS: Massive Red Flags You NEED to See 🚨
Top 100 wallets control a staggering 92.6% of the supply – one SafeProxy wallet alone holds ~82%! 🤯 This is extreme centralization. Only ~4.2% is actually distributed. Average wallet holds just $32.5 worth of $FOLKS.Here's what's happening: The SafeProxy wallet isn’t dumping directly, but tokens are quietly leaking out through intermediary wallets & liquidity pools. It’s a stealthy exit strategy. 📉
Inflow to exchanges is plummeting (-22%), yet the price still crashed. New wallets saw a ~$5.47M inflow *during* the price surge.
Snipers have already sold ~48% and moved another ~46% off-chain. Profitable traders are mostly out. The selling pressure isn’t from retail panic – it’s from early investors cashing out.
This isn’t a whale dump; it’s a slow bleed through multiple channels. $FOLKS had a massive pump on thin liquidity and is now being systematically offloaded. Avoid this pattern. Track similar projects carefully.
#CryptoAlert #DYOR #Altcoin #RedFlags 🚩
