According to @adriannewman21, labeling a token as 100% circulating on day one can be financial engineering that concentrates supply among a few holders and misleads retail traders, source: @adriannewman21 on X, September 1, 2025. According to @adriannewman21, a low float with a high fully diluted valuation (FDV) directly signals the team will control the majority of supply, indicating centralization risk at launch, source: @adriannewman21 on X, September 1, 2025. According to @adriannewman21, traders should treat low-float, high-FDV launches as red flags when evaluating new listings, source: @adriannewman21 on X, September 1, 2025.

According to @MilkRoadDaily, the BASE token drama has raised significant concerns among traders, questioning whether it was a flop or a strategic moment for Zora. The incident has highlighted the risks associated with token launches and the fast-paced nature of crypto legislation, as discussed by Laura Shin. This situation underscores the need for traders to remain vigilant about regulatory changes and their potential impact on market dynamics.