The risk characteristics of certain projects are very obvious, requiring investors to raise their vigilance. When the project party controls 98% of the circulating tokens, this itself is a huge red flag. Imagine the pump cost—just a few hundred thousand in funds can create the illusion of price rise, but how likely is it to earn the same profit from the market maker? The probability is basically zero. Unless the project is completely transparent and the token distribution is high enough, even if there is no Get Liquidated, the continuous Sideways fluctuation can exhaust the patience and funds of retail investors through time costs. This is not market fluctuation; this is a structural disadvantage.