Bubblemaps Flags XST Memecoin as High-Risk Asset
The on-chain analytics firm Bubblemaps has flagged the memecoin XST as a high-risk asset, citing its concentration of supply in a few wallets.
According to Bubblemaps' analysis, a significant portion of XST's total token supply is held by a small cluster of addresses, which can be coordinated to manipulate the market.
The platform's findings suggest that these addresses may belong to project insiders, giving them outsized control over the token's price and liquidity.
XST has gained traction on TikTok, where influencers have promoted it as a high-growth opportunity, contributing to a market capitalization of approximately $70 million.
Bubblemaps strongly urged investors to avoid the project and ignore related content, emphasizing that XST's structure is characteristic of a potential rug-pull scheme.