2025-12-20 21:22:04

Concerns have been raised over the supply issues of a certain cryptocurrency. Just 100 wallets control over 99% of the circulating supply, which is quite alarming. Similar situations have been seen before with $PIPPIN, all pointing to the same problem: extreme centralization.

Even more problematic is the contract layer. The $LIGHT smart contract includes a minting function, meaning the developers can infinitely issue new tokens without any cap. This directly destroys the fundamental assumption of scarcity. Coupled with a trust score marked as 0/100, it essentially indicates: the credibility of this project is close to zero.

Concentrated supply + unlimited minting + zero trust score—these three issues stack up, making the risk level obvious.

PIPPIN12.65%

LIGHT59.45%

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OvertimeSquid

· 4h ago

100 wallets hold 99% of the circulation? Isn't this just the night before a rug pull? Daring to launch infinite minting, the developers really don't see us as people. Trust level 0 is a bit outrageous, might as well delist it. It's the same old centralized approach, can't you all learn? The name LIGHT is really ironic, can't see any light at all. I just want to know who still dares to take over this thing. Same template as PIPPIN, copying without even putting in effort. Projects that don't even lock their contracts still have the nerve to raise funds? Laughing to death. These days, all kinds of crappy coins want to ride the Web3 hype.

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SnapshotDayLaborer

· 4h ago

100 wallets lock 99% of liquidity? Isn't this just a Ponzi scheme disguised as a cryptocurrency? Claiming unlimited minting while calling it a scarce asset—laughable. I really don't dare to touch contracts with zero trustworthiness, I just pass on these. Same old tricks, I'm already tired of seeing them. This is the real rug risk, everyone.

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SadMoneyMeow

· 4h ago

It's the same old trick again, 99% of the circulation is in 100 wallets. This is clearly a game to harvest profits. Unlimited minting? So the developers can just increase it whenever they want, and us retail investors are just leeks. Trust level 0, it's really unbelievable. Might as well not go public. I really don't understand why anyone would buy into this kind of thing.

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StableCoinKaren

· 5h ago

100 wallets with 99% circulation? Isn't this just the night before a naked rug pull? Infinite minting + zero trustworthiness, how can anyone still dare to buy in? $LIGHT's minting function is just a ticking time bomb; the developers can clear out whenever they want. It's the same old trick, PIPPIN hasn't learned its lesson yet. By the way, how can projects with a trust score of 0/100 even get approved?

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