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WCUP Token Soars to $50M Market Cap, 95% Supply Controlled by Single Entity

Source: X Community

The World Cup-themed token WCUP surged to a market cap of approximately $50 million before a red flag emerged: 95% of its supply is controlled by a single entity, raising concerns of a potential scam. Investors are warned to exercise caution as the token’s distribution suggests high centralization risk.

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