These projects always post a nice pie chart for the token distribution that looks well distributed but is just cut down into different segments that still mean the same party gets the tokens. 'Seed Investors', 'Early Partners', 'Ecosystem' is all actually concentrated to CZ&VCs
If you add these up you get 60-70% in the hands of 'someone', with a vesting schedule mostly below 3-6 months time. These tokens get added in reports like Binance Research or put into Indexes like the recent DeFi Index on Binance to pump them up for a few weeks on low volume
Just so they get enough liquidity to dump massive amounts of tokens. This is an extremely lucrative business for Binance and many people can't see through that shit. One way to find this is by watching these charts and enable OBV indicator, On-Balance-Volume. It shows actual
selling/buying or accumulation/distribution behaviour of a token. Lets check the current #SXP chart that suddenly got shilled massively by Binance, went up 5-fold within 2 weeks and then dumped 60% within 6 days. The literal definition of legal-pump-and-dumps: 
Look how the OBV indicator goes way lower then where the pump started, strongly negative.. This is VCs dumping on you. IEOs on Binance always HAVE to give up a big % of their supply. They disguise this cleverly into multiple segments that sound legit
The concentration makes the protocol and governance of the product horrible. No matter how good the team is or if the product itself is actually solid.. this shitty distribution alone kills any solid DeFi project. You surely can make money with them.. but the big bucks
go to CZ and with buying into it for profits, you actively support this shit. The epitome of what makes crypto shitty since 2016. Exchanges and people like CZ are just one part, you who is investing into this is the second part of it. Don't give them a market and liquidity.
