Through advanced blockchain analysis tools, we can gain insights into the potential risks behind certain token issuances.

Firstly, it is worth noting that some projects exhibit a highly centralized characteristic in their token distribution. Specifically, around 60% of the token supply may be controlled by a few core members, while the remaining portion is dispersed among approximately 150 addresses. This uneven distribution pattern may create conditions for price manipulation.

Secondly, the performance of some projects after the token issuance is also worth noting. Reports indicate that certain teams start to sell off their tokens in large quantities within 24 hours after the token goes live. This behavior often leads to a sharp decline in token prices and causes market liquidity to quickly dry up. Even more concerning is that after such situations occur, the relevant teams may quickly delete their official social media accounts, making it difficult for investors to hold them accountable.

The essence of this phenomenon is the exploitation of information asymmetry. The project team may utilize their internal information to strategically position themselves, attracting retail investors to enter the market before immediately selling off for profit. This practice often leads to a flash crash in token prices, resulting in significant losses for ordinary investors, while the project team may have already exited with profits.

Therefore, for cryptocurrency investors, it becomes particularly important to leverage on-chain analysis tools for in-depth research before participating in any token investment. This not only helps identify potential risks but also aids investors in making more informed decisions. At the same time, regulatory authorities should strengthen oversight of such activities to protect investor interests and maintain market order.