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#NES Team Historical Stains:
Some community members have dug up that CEO Patrick Colangelo previously participated in founding another project, Everlyn ($LYN), which experienced a 95.2% crash and had controversies over bonuses not being distributed as promised. This has raised serious doubts about his execution ability and project ethics.
High Token Concentration and Selling Pressure Risk:
On-chain data shows that NES tokens are extremely concentrated. A single wallet holds over 77% of the tokens (approximately 777 million), and there was no publicly confirmed lock-up or vesting plan in the early stages.
This means that if the team or early whales decide to sell off and cash out, retail investors will face huge dumping risks.