Meme Coin XST Heavily Promoted on TikTok, Suspected of Bundled Holdings
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The cryptocurrency data analysis platform Bubblemaps has indicated that the token XST, with a market capitalization of approximately $70 million, is being heavily promoted on TikTok. About 74% of the token's supply is concentrated in associated addresses, indicating a phenomenon of bundled holdings. The promoters are well-known figures in the meme coin space, using AI-generated videos related to Trump, accompanied by fabricated profit and loss screenshots. The token has been certified on the FOMO platform, and there are claims of fictitious connections to Trump’s son Barron. Users are advised to ignore any related content they encounter on recommendation pages.
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