Seeing someone say that the top ten holding addresses of $ALLO account for 90%, which means the market maker controls the market trend? Brothers, don’t be misled by surface data.

First, let's mention a basic fact: this coin has never gone through the primary market process and went directly to IEO for listing on the exchange. So it's normal to see that the number of holding addresses on the chain is quite small.

The key point is here — who owns the wallets that rank at the top? The answer is simple: exchange cold wallets. The coins we retail investors buy on the platform do not show your address individually; they are all aggregated in the exchange's custodial wallet.

In other words, the $ALLO that you, I, and he bought all show the same large holder address on the chain. This is not control the market trend, it's a custody mechanism of centralized exchanges. If you really want to see the chip distribution, you need to look at the internal holding data of the platform, not the top ten addresses on the chain.

You still need to brush up on the basics; don't panic just because you see a list of holders.