Hello,
Can anyone introduce some coins or tokens with a good potential like SHIBA INU?
In the last 24h, that token increased about 468.20%.
Thank you.
Shiba INU is a risky asset, a s*itcoin based on Dogecoin with a huge supply.
Top #1, #2 and #5 wallets hold 50.5%, 7.0% and 3.0% of total supply.
These coins can go through the roof but can also fall in matter of hours so are very risky investments.
People hoping for a quick buck use them but I'd be cautious and stick to what I have.
Indeed the top 1 address holds 50% of the token because it was the burning address. We should be concern on the 2nd and 3rd address since the 50% were burn making the next top wallet holding 14% and 6% of the circulating token.
We locked the 50% of the total supply to Uniswap and threw away the keys!
The remaining 50% was burned to Vitalik Buterin and we were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don't own team tokens they can dump on the community.
Greed can destroy people and their dreams.
True that, but in Shiba Inu's market case, a right timing can turn your life into a millionaire.