Looking at the on-chain holdings distribution of $ZENT, some noteworthy points have been identified.

According to devsnightmare data, the project team’s holdings account for 23.4%. But what requires more attention is the liquidity structure—the concentration of a single large address is too high. A quick scan of wallet interactions shows that at least 65% of the tokens are concentrated in a few large addresses, most of which are linked to liquidity pools of a major exchange.

This highly concentrated holding structure poses a risk: the true distribution among market participants is uneven. When token distribution is so centralized, the liquidity and pricing reliability in the secondary market can be affected. Early entrants face not healthy market competition but a passive takeover scenario.

For beginners, it’s safer to check the on-chain data tools for holdings distribution and trading history before participating in any project. This can help avoid projects with poor liquidity and distribution.