Quote from: cryptomaniac_xxx on Today at 01:32:30 PM

Quote from: L A on Today at 08:01:37 AM

understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread

Of course it does matter, if top 100 owns 99% then something is wrong with that project.

It can easily be manipulated for instance, or what if those suddenly dump the coins in the market? What will be the results? It will be a disaster for those small holders.

To be fair, there are a lot of projects like this, so personally, I would stay away from this projects.

This can obviously influence me to buy on a new project and when looking at 99% token holder ownership it is clear it could be the project owner who can be manipulated by the market at any time this will be a big risk if the project owner does bad things to get more money then I avoid it more his.

There's been a lot going on now, when looking at bigger holders and this should be a little suspicious because new projects won't have a bigger percentage except for the owners.