Aims to provide investors with multi-dimensional project evaluation and risk warnings:
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I. Project Basic Information
1. Token Economic Model
- Total Supply: 1 Billion Tokens
- Initial Circulation: 22% (220 Million Tokens)
- Contract Address (BSC Chain):
"0xfa35E2250E376c23955247383DC32C79082e7fcC"
2. Exchanges and Listing Time (UTC+8)
- Binance Alpha: August 24, 17:00 (Airdrop Claim Open Simultaneously)
- KuCoin: Confirmed Listing, Time Not Announced
- MEXC: August 24, 17:00
- Gate.io: Not Announced
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II. Token Distribution and Initial Circulation Analysis
| Distribution Category | Proportion | Initial Unlock Ratio | Potential Impact |
|--------------------|----------|------------------|---------------------------|
| Institutional Investors | 35% | Not Public | High ratio may trigger future selling pressure |
| Community Supporters | 2% | 100% | Immediate Circulation from Airdrop |
| Listing Fee Reserves | 10% | 10% | Limited Short-term Selling Pressure |
| Community Ecology | 53% | 12% | Actual Control from the Project Party (about 19%) |
| Alpha Airdrop (Speculative) | 2% | 100% | 15 Million Tokens (18750 Quotas) |
Note: The actual control of the project party = Community 12% + Listing 7% = 19%. The initial circulation selling pressure mainly comes from airdrops (2%) and community unlocks (12%).
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III. Core Highlights and Risks
✅ Positive Factors
1. High Control Structure:
The project party holds 19% of the tokens through the community + listing reserves. If the team is reluctant to sell, it may form short-term price support.
2. Airdrop Popularity:
Binance Alpha airdrop adopts a 'first-come-first-served + threshold reduction' mechanism (starting at 200 points, decreasing by 15 points every hour), which may attract short-term traffic.
❌ Negative Factors
1. No Substantial Ecological Support:
The project is positioned as a 'Street Basketball Meme Coin', with no white paper, roadmap, or technical disclosures. The official website and Twitter (newly established in May 2025) have scarce information, belonging to a 'three-no whiteboard' project.
2. Low Speculation Value:
Lacks narrative extensibility (such as GameFi, NFT applications), relying solely on cultural symbols, making it susceptible to market sentiment fluctuations.
3. Emerging Control Risk:
High token concentration distribution may raise suspicions of 'open card sitting on the table', requiring caution against large on-chain movements.
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IV. Market Data and On-chain Monitoring
- Airdrop Details:
Must hold at least 200 Binance Alpha points (consuming 15 points) to receive 800 $FST; if not reached, the threshold decreases by 15 points every hour.
- Initial Liquidity:
22% circulation in Meme coins is relatively high; need to observe the scale of market-making funds after listing.
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V. Investment Strategy Recommendations
1. Short-term Speculation (High Risk):
- Participate in Alpha Airdrop and sell on the first day (historical Meme coin airdrops often have opening premiums).
- Monitor large on-chain transfers (e.g., address movements of the project party) and exchange order conditions.
2. Long-term Avoidance:
- Meme coins without ecological support generally have shorter life cycles, and high control structures increase the risk of going to zero.
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VI. Summary
$FST is a typical 'Cultural Symbol-Type Meme Coin', relying on community sentiment and short-term traffic. Its high control characteristics may bring initial price volatility opportunities, but it lacks fundamental support and transparent information disclosure, raising doubts about its long-term value. Investors should strictly adhere to stop-loss discipline, and it is only recommended for high-risk preference participants to engage in airdrop arbitrage with small positions.
«Data Source: Binance Alpha Announcement, On-chain Contract Analysis, Community Public Opinion Monitoring.»
