Concentrated supply raises red flags after LICK memecoin crash

[johnblockbuster]

The LICK token’s collapse highlights the risks of early-stage memecoin launches. According to Bubblemaps, the deployer held 40% of the total supply at launch—a level often linked to coordinated “rug pulls” or mass sell-offs.

High supply concentration has fueled similar crashes before, such as the Wolf of Wall Street-inspired WOLF token in 2025, which fell 99% in hours after its creator controlled 80% of the genesis supply. Experts say these incidents show the dangers of onchain token distribution when a few wallets control a large portion of a project.

[madmax]

classic memecoin rug pull vibes… 40% in the deployer’s hands is basically asking for trouble.