Concerns have been raised over the supply issues of a certain cryptocurrency. Just 100 wallets control over 99% of the circulating supply, which is quite alarming. Similar situations have been seen before with $PIPPIN, all pointing to the same problem: extreme centralization.

Even more problematic is the contract layer. The $LIGHT smart contract includes a minting function, meaning the developers can infinitely issue new tokens without any cap. This directly destroys the fundamental assumption of scarcity. Coupled with a trust score marked as 0/100, it essentially indicates: the credibility of this project is close to zero.

Concentrated supply + unlimited minting + zero trust score—these three issues stack up, making the risk level obvious.