Take a closer look, what do you think it means when it says this?

48Club may have published this statement to clarify market misunderstandings, avoid legal risks, or manage community expectations, while maintaining flexibility in the operation of the $KOGE token and treasury.

- Fully released, no lock-up: 48Club emphasizes that $KOGE has been fully released since day one, with no lock-up period, possibly to demonstrate the "transparency" and "fairness" of token distribution and avoid accusations of hiding allocation plans or manipulating the market. This also provides the project team or early holders the possibility to sell tokens without being constrained by a lock-up period.

- Never promised not to sell treasury holdings: This statement reserves the right for the project team to sell treasury tokens, avoiding future accusations from the community of "breaking promises" due to selling behavior. This is analogous to Binance not committing to not selling $BNB, possibly borrowing Binance's brand effect to rationalize its own behavior and alleviate community concerns about potential sell-offs.

- Risks are borne by the user: This is a standard disclaimer aimed at completely transferring investment risks to users, avoiding legal or community disputes arising from market fluctuations or sell-offs.

- Potential motives: Combined with the mentioned "clip" risk, 48Club may be laying the groundwork for a recent or future treasury sell-off, or responding to community concerns regarding sell-offs. Through this public statement, the project team aims to reduce community dissatisfaction while retaining control over treasury funds to ensure operational flexibility.

The project team is neutral and cautious in its statement, aiming to protect its own interests in response to community questioning, while preparing for potential token sell-offs or market fluctuations.

So what should you do?