I've seen tokens where one wallet holds 90% of supply and the project still has 500+ trustlines. People assume holders = safety. They're wrong. Concentration is the real signal. If one wallet controls 90%, they can dump the entire float in one transaction. Price goes to zero. You have no warning. The "community" you see is just noise around a loaded gun. On XRPL this is worse than most chains because the DEX is so liquid. A whale can market-sell into every open offer in seconds. There's no circuit breaker. No pause button. Just a wrecked order book and holders left holding nothing. When I built Rhyzlo's concentration check, I flagged CR1 >50% as High risk automatically. Not because it's always a rug, sometimes it's just a young token. But the asymmetry is brutal. If I'm wrong, you missed a gem. If you ignore it, you could lose everything. Check who actually holds the supply before you trust anything.