Is a Token Where One Wallet Holds Most Supply a Scam?
Not necessarily, but it is one of the strongest risk signals on a token page. When one wallet holds most of the supply, that holder can sell into thin liquidity and crash the price. Whether it is a scam depends on who that wallet is, and you can check that yourself. Why does one large wallet matter for a token? A token's price on a decentralized exchange is set by its liquidity pool. If a single wallet owns a very large share of the supply, a single sale can drain much of the pool's value and push the price down sharply. Other holders then cannot exit at the price they saw before. That risk exists whether or not the holder is acting in bad faith. A team that keeps a big allocation for development can still cause a crash by selling early. A scammer who keeps most of the supply for the same reason is simply the worst case of the same pattern. This is why supply concentration is read together with holder count, liquidity size and token age. For a deeper look at how holder numbers...