Bubblemaps: TikTok hot-pushed meme coin XST has a highly concentrated supply, with 74% controlled by a single entity

The on-chain data visualization analysis platform Bubblemaps has issued a warning that the Meme coin XST, which is being heavily promoted on TikTok, has a high risk of supply concentration—74% of its total supply is controlled by a small group, exhibiting typical Rug token characteristics. The current market value of this token is approximately 70 million USD.

Bubblemaps urges investors to stay away from such projects and to ignore similar content if seen on TikTok's recommendation page.

In recent years, TikTok has become an important distribution channel for low-quality Meme coins, creating an illusion of credibility through AI-generated celebrity videos and false associations, combined with the token's concentrated holding structure, resulting in typical high-risk Rug tokens after the hype fades.