understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread
Be careful it's not normal where the biggest holder reaches 99%, this will be a throwaway game and leave. Isn't that obviously suspicious? At least this allocation will make you think again, if you find something like this, it is clearly not a good investment or trade center.
I think everyone gives you the same warning, which is to pay attention to all aspects that can give you losses in the future. Coins or tokens of this kind will not last long. It was clear that such a large possession was suspicious from the start.