Bubblemaps Exposes TikTok-Hyped Meme Coin XST: 74% of Supply Controlled by Whale Addresses, Exhibiting Typical Rug Token Characteristics

BlockBeats News, August 13th, on-chain data visualization analysis platform Bubblemaps issued a warning that the $70 million market cap Meme coin XST is being heavily promoted on TikTok, but its supply structure is extremely concentrated—74% of the supply is held in few hands, posing a potential high-risk Rug token. Bubblemaps advised investors to stay away from such projects and to ignore similar content if seen on the TikTok For You page.

In recent years, TikTok has become a key distribution channel for low-quality Meme coins, using AI-generated videos of public figures and false associations to create the illusion of credibility. Coupled with the token's concentrated holding structure, this ultimately leads to the formation of a typical high-risk Rug token once the hype fades.

BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and require cautious investment.