Having most of a project's tokens in one wallet is very risky. Because that wallet can control many aspects of the whole project in different ways. This includes price manipulation by pumping/dumping. The more tokens are held in the wallet, the more secure it is. But scammers know it too - many don't invest in any project without checking the 'wallet distribution'. For that they send tokens to different wallets so that to the naked eye it seems that the tokens are held by different people rather than in one specific wallet. They give investors a false good feeling that the project is de-centralized. But they don't actually manage the project through a single wallet, but rather as a 'wallet group' or 'cluster'.

But there is hope - there are also tools to check these 'wallet groups' which are mostly free to use. All token analysis may not be free if you go directly to their site. But most of the time it's free if you enter through Dexsceener. The tool that I will talk about here is called 'Bubblemaps'. It verifies wallet-to-wallet transactions to see which wallets belong to a group or cluster and what percentage of tokens they control.

For example, this anonymous token wallet 'cd50' in the image has only 10% tokens. But Targroup controls 30.18% of the entire project. That means it is highly unlikely that these wallets are held by one person or a small group of people. It appears that there are more groups in this project that may also be related to the one that created the token.