$DOGS
The concerns you've described about the DOGS token highlight the potential risks associated with centralized exchanges (CEXs) holding a significant portion of the token supply without any lockup period. When a large amount of a token is concentrated in a few hands, especially on CEXs, it raises the risk of market manipulation, commonly referred to as a "pump-and-dump" scheme.
In such a scenario, the CEXs could artificially inflate the price of DOGS by creating a buying frenzy, only to later sell off their large holdings, causing the price to crash. Retail investors, who often join the hype late, may end up buying at inflated prices and suffer significant losses when the price drops.
The tweet by LeonidasNFT might have amplified these concerns, as it draws attention to the possibility of such manipulative practices. This situation serves as a reminder for investors to be cautious, especially when dealing with tokens where a large supply is held by a few entities with no clear restrictions on how and when they can sell their holdings.
Transparency and clear tokenomics, including lockup periods and distribution details, are essential to maintaining trust in any crypto project. Without these, the risk of manipulation remains high, potentially jeopardizing the token's future and investor confidence.
