At the peak of the bull run in the Crypto Assets market, a new Token that claimed to be "completely decentralized" suddenly emerged. This project quickly caused a stir on social media with its slogan of "community-driven, everyone is equal," leading many to believe it was a "truly fair investment opportunity." Within just a few days, the price of the Token skyrocketed several times, triggering a widespread chase the price frenzy.

However, a cautious investor decided to conduct research using the on-chain analysis tool BubbleMaps before entering the market. The results were shocking: over 75% of the Tokens were concentrated in fewer than ten wallet addresses, which also showed significant capital flows between them, seemingly artificially creating trading activity. The so-called "community distribution" was almost negligible in the overall distribution.

This finding clearly indicates that the project is not the "community coin" as advertised, but rather a typical centralized control operation. Soon after, the scam was finally exposed. The main holding addresses almost simultaneously transferred a large amount of Tokens to the exchange for sale, causing the price to plummet by 80% from its peak. Investors suffered significant losses, while the project party chose to remain silent.

This event profoundly reveals an important truth: in the Crypto Assets market, prices can be manipulated, promotions can be fabricated, but the distribution of Tokens is an undeniable fact that cannot be falsified. On-chain data analysis tools like BubbleMaps present an unembellished objective reality.

In this market full of opportunities and risks, the mentality of chasing the price and selling on dips always exists. However, what truly protects investors is not the stop-loss after the fact, but the analytical ability beforehand. Only by thoroughly understanding the distribution structure of Tokens can one avoid becoming a tool for others to profit.

On-chain data does not lie. The truth of a scam is often hidden in the distribution patterns of tokens; the key is whether investors are willing and able to interpret this data. Conducting an in-depth analysis of on-chain data before making investment decisions may be the most effective way to avoid falling into a scam.