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Last night I stumbled across $GAYU at around a $50k market cap.
Decided to ape in. Mainly because I knew the founder was Nigerian and wanted to see how far they could take it.
Less than 24 hours later it hits $500k MC.
A clean 10x. 🤯
I haven't sold a single token yet.
But one thing people should know:
>The team reportedly controls around 57% of the supply, similar to how @blknoiz06 structured $ANSEM.
Their reasoning is to prevent early whales from accumulating too much supply and dumping on retail.
Whether you agree with that or not is up to you.
But remember this:
>A founder holding a large percentage doesn't automatically mean the project is safe.
>It also doesn't automatically mean it's a rug.
Manage your risk accordingly.
As for me, I'm riding this one because I'd genuinely love to see another African-led crypto success story.
So it's up to you..
DYOR
Note: This is not a promotional post!