Bubblemaps exposes TikTok-hyped Meme coin XST: 74% of its total supply is held in concentrated control, exhibiting the typical characteristics of a rug pull token.
49 minutes ago
On-chain data visualization analytics platform Bubblemaps has issued a warning that XST, a meme coin with a roughly $70 million market capitalization, is being heavily promoted on TikTok. However, its supply structure is extremely concentrated—74% of the total supply is controlled by a single entity, marking it a potentially high-risk rug pull token. Bubblemaps is urging investors to avoid such projects, advising users to directly ignore similar content if it appears on TikTok’s For You Page. In recent years, TikTok has become a key distribution channel for low-quality meme coins, which leverage AI-generated celebrity videos and false associations to create an illusion of credibility. Paired with the token’s concentrated holdings, these projects typically turn into high-risk rug pulls once the hype subsides. BlockBeats reminds users that most meme coins lack real use cases, exhibit extreme price volatility, and require cautious investment.
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