#BTC资金流动性 $LIGHT's token distribution structure poses obvious risks. According to public information, the project team controls approximately 95% of the token supply. This highly centralized tokenomics design directly threatens the market's liquidity health. When the project team has absolute control, market pricing can be easily manipulated unilaterally, and retail investors face significant risk exposure. From the perspective of the token unlock mechanism, without transparent release plans and sufficient lock-up periods, the pressure for additional issuance could be released at any time. Investors are advised to thoroughly review the project's token allocation whitepaper and authentic on-chain data before participating to assess the long-term sustainability of such highly concentrated projects.