PSYCO token status draws attention: 87% of the circulating supply has been concentrated in just 8 wallets. This highly centralized holding structure is not uncommon among projects on the Base chain, but it indeed warrants caution from participants.

When token liquidity and distribution are highly concentrated, the market is more susceptible to the intentions of large holders. Small investors face increased risks accordingly. It is recommended to carefully analyze the actual circulation and holding distribution of the token before participating in such projects — this often provides a better reflection of the project's long-term health than simply looking at price trends.