LAUNCHCOIN Soars 9,336 % in 12 Days—But Concentrated Supply Raises Red Flags

LAUNCHCOIN has experienced an impressive 9,336% price increase over the past 12 days, capturing the attention of investors. This massive rally has raised the cryptocurrency’s market cap to $258 million, putting it above tokens like Gigachad and Moo Deng. However, the rise has also sparked concerns about the token’s legitimacy and sustainability. LAUNCHCOIN Red Flags: Slow Holder Growth and Supply Concentration The number of LAUNCHCOIN holders surged from 7,738 to 31,683 in just 18 days source: https://beincrypto.com/launchcoin-price-skyrockets-but-legitimacy-concern-rise/