🚨 Warning Signs for the $ERA Token:
1. The Top 10 Holders Own More than 99%
This is very alarming! It suggests that a very small group controls almost the entire supply, which means:
🤡 They can sell the token at any time
🤡 The price can collapse instantly with little notice
🤡 Retail investors (like most people) will be left holding worthless coins
2. Low Liquidity Risk
If those top holders sell even a portion, it could drain the liquidity pool, causing:
* Massive price drops
* Inability for others to sell — you could be stuck holding something that cannot be sold
What This Generally Means:
This is a classic scam setup.
It could be a scam or a pump-and-dump scheme.
The tokenomics are dangerously centralized — which is the opposite of what crypto should represent.
Tips:
* Avoid buying into such coins
* If you are already holding some, consider exiting before the trap is triggered
* Stick with projects that have transparency, fair distribution, and utility
Don't Fall for the Hype
Tokens like this often use paid promotion, fake communities, or trending hashtags to attract investors. Always DYOR (Do Your Own Research).
Conclusion:
You are right to warn others. A token where the top 10 holders control 99% is not an investment! It's a ticking time bomb!