Bubblemaps: TikTok-Hyped Meme Coin XST Shows Highly Concentrated Supply, 74% Under Single Control

Odaily News: On-chain data visualization platform Bubblemaps has issued a warning that the Meme coin XST, currently being heavily promoted on TikTok, carries a high supply concentration risk—74% of its total supply is under centralized control, exhibiting typical rug pull characteristics. The token currently has a market cap of approximately $70 million. Bubblemaps urges investors to stay away from such projects and advises ignoring similar content if it appears on TikTok's recommendation feed.

In recent years, TikTok has become a major distribution channel for low-quality Meme coins, using AI-generated videos of public figures and fake associations to create an illusion of credibility. Combined with the token's concentrated holding structure, these tokens form typical high-risk rug pulls once the hype fades.