[Bubblemaps Exposes TikTok-Hyped Meme Coin XST: 74% of Supply Concentrated, Exhibiting Typical Rug Token Characteristics] BlockBeats News, August 13: On-chain data visualization platform Bubblemaps issued a warning that the Meme coin XST, with a market cap of approximately $70 million, is being heavily promoted on TikTok. However, its supply structure is highly concentrated—74% of the supply is under centralized control, making it a potentially high-risk Rug token. Bubblemaps urges investors to stay away from such projects and to ignore similar content if encountered on TikTok's recommendation page. In recent years, TikTok has become a major distribution channel for low-quality Meme coins, leveraging AI-generated videos of public figures and fake associations to create an illusion of credibility. Combined with the concentrated token holding structure, these projects often turn into high-risk Rug tokens once the hype fades. BlockBeats reminds users that Meme coins often lack real-world use cases, exhibit significant price volatility, and require cautious investment. [Original Link]