reply guys

the people who own large percentages of a token is one of the most important things to consider when thinking about investing in a project or team by buying said token

there have been projects I’ve really liked before, but when I see who the holders are, I lose all interest - I don’t want to get dumped on by habitual dumping bandits, and almost more importantly, I don’t want those people holding influence either over the team or even over the public narrative because of hope much they can destroy the chat if they got upset

a good example of this was $snx back in its hey day of defi summer - it was a really cool project but when you saw who the top holders were and how much they owned when it was approaching $20 or so dollars, it was an easy fade

nowadays it’s best practice to exit with the team because they could also be the market maker