Worth paying attention to before diving into this one. The lead developer is currently holding 20%+ of the token supply, which is already a significant concentration. What's concerning is the track record—same figure was involved in previous projects on Solana that faced community trust issues, and now they've relaunched a meme token with existing assets and media from the project history.
Before assuming price levels are attractive, it might be wise to dig into the fundamentals here. Large developer holdings combined with past governance concerns usually warrant extra caution. Just something to consider when evaluating the risk-reward setup.
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Worth paying attention to before diving into this one. The lead developer is currently holding 20%+ of the token supply, which is already a significant concentration. What's concerning is the track record—same figure was involved in previous projects on Solana that faced community trust issues, and now they've relaunched a meme token with existing assets and media from the project history.
Before assuming price levels are attractive, it might be wise to dig into the fundamentals here. Large developer holdings combined with past governance concerns usually warrant extra caution. Just something to consider when evaluating the risk-reward setup.