How Centralized Is the NYC Token Supply?
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Several analysts have warned that the NYC Token is highly centralized. Reports indicate that the top five wallets control more than 90% of the total token supply, creating significant risk for retail holders if large wallets decide to sell or remove liquidity.
This level of concentration means even a relatively small sell-off from reserve wallets could cause severe price declines. Analysts argue that such a distribution structure exposes everyday traders to outsized risk and raises questions about whether the token’s market mechanics adequately protect participants.