Question about token holders for a specific projet

[South Park]

Hi guys,

Thank you for all your answers.
Really, thank you.
I asked you this because to me it was so strange that a single wallet could own so much tokens.
And you confirmed my doubts

Never ignore your instincts, this may sound odd to some but if a project gives you a bad impression even if you do not know why, you should still avoid that project even if you do not have a rational reason to do so, as time passes and you learn more about this market your instincts will be honed and become even better, and this will allow you to avoid projects which look way better than this coin but that deep down they are a scam too.

[lalabotax]

Hello,

I'm thinking about investing in a project called Movn.
.....
And there is something that I don't understand.
(I'm a crypto noob)

The key is here
If you are a newbie and you don't really understand some projects in certain cases, never invest in the project. Whatever the high promises that they or their influencers make, there is no guarantee that you can earn profits. And moreover, you are new so you may not know the exact time to buy and then sell to take the profits. many newbies are trapped with this kind of hype or promises where they believe too much. Some professionals in the new token trading may be easy to get profits because they know the right way to buy and sell at the right time. But for newbies, this is too risky, mate. I suggest you avoid this kind of project, moreover, their supply is very high

[Luffygroove]

The first wallet with the name "Movn: Deployer" holding 99.79% of the tokens is likely the wallet that the project team used to deploy the token onto the Polygon network. It is common for project teams to hold a certain percentage of the total supply of their token as a way to fund the development and growth of the project.

However, it is important to note that having a large percentage of tokens held by a single wallet could potentially lead to centralization concerns and could be seen as a warning flag. It is important to research and understand the tokenomics of a project before investing to ensure that the distribution of tokens is fair and reasonable.

Additionally, it is worth noting that some projects may have vesting schedules or other mechanisms in place to limit the amount of tokens that the team can sell or use at any given time. Therefore, it is essential to consider all of the available information before making any investment decisions.

[fuguebtc]

Hello,

I'm thinking about investing in a project called Movn.
.....
And there is something that I don't understand.
(I'm a crypto noob)

The key is here
If you are a newbie and you don't really understand some projects in certain cases, never invest in the project. Whatever the high promises that they or their influencers make, there is no guarantee that you can earn profits. And moreover, you are new so you may not know the exact time to buy and then sell to take the profits. many newbies are trapped with this kind of hype or promises where they believe too much. Some professionals in the new token trading may be easy to get profits because they know the right way to buy and sell at the right time. But for newbies, this is too risky, mate. I suggest you avoid this kind of project, moreover, their supply is very high

As a newbie, he should not only stay away from this project but also stay away from all altcoins, he should just focus on bitcoin. Don't try to be greedy or want to make money fast without any knowledge, I believe that if OP persists, you will only receive the consequences of loss.

OP, you need to ask yourself, if the project is so profitable or easy to make money in this market, why are so many people losing or even having a mental breakdown when investing in this market?