Influencer launches first Brazilian memecoin to reach US$$ 1 million in market value
Twelve days later, on the 17th, Oliveira retweeted a message from Paradigma Education, a research firm focused on cryptocurrencies, which praised the influencer's knowledge of economics. When reposting the message, she repeated the classic slogan “not your keys, not your coins”.
To access BCT, it is possible to purchase it through the Gecko Terminal website, from CoinGecko. However, the token presents a concentration risk that is common in many projects of this type.
Too much BCT for too few people
One of the main problems in this case is that few people were interested in putting BCT in their wallets. According to Solscan, the total supply of the token is 1 billion BCT, and there are approximately 3,800 holders of the token.
But according to the profile @laranjacripto, which exposes possible scams, only 10 people control the majority of the tokens. One of them is Beiçola herself, who owns around 145 of the total supply.
“Beiçola from Privacy launched a token and 10 people own more than 50% of the total supply of the token, making her the largest holder. There is evidence that insiders entered early and made large purchases”, states the profile.
When this analysis was done, BCT had only 1,090 holders and this number has more than tripled in the last few hours. This caused the concentration of tokens in the 10 largest addresses to decrease to around 40%.
The 10 largest BCT holders.
Source: Solscan.
In addition, the strong appreciation of BCT is reminiscent of the case of the HAWK token, owned by influencer Hawk Tuah, whose value reached US$$ 500 million. However, the token subsequently fell 90%, raising suspicions that the influencer applied a rug pull on investors.
For now, there is no evidence that BCT is a scam or a project that could suffer a rug pull. However, startup projects deserve attention when investing.
#BCT/SOL