Goatseus Maximus (GOAT) meme coin saw explosive growth shortly after launching, capturing too much attention. 

However, there are significant risks tied to it due to its concentrated ownership.

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This high concentration suggests a vulnerability to price manipulation, as a small number of holders could significantly impact the token's value. Such a pattern is a common risk factor in meme coins, where hype can drive prices up quickly, but the lack of widespread distribution makes them unstable.

With a market cap of over $400M, the wealth distribution is skewed; out of 24.3K holders with at least $20 worth of tokens, the top 628 holders control around $319M—nearly 80% of the total market value.