I recently came across a newly launched token project that seems quite active on the surface—hot promotion on Twitter and high community discussion. But upon closer inspection, I found issues: the developer ratio is surprisingly high, and the project has been live for quite some time with no real progress.

Does this sound familiar? This pattern has been seen too many times in the crypto market. High marketing volume ≠ genuine value. Several hours have passed, and the project's on-chain activity is almost nonexistent, which is a stark contrast.

Honestly, my attitude towards such projects is: watch the excitement but don't participate. A high developer ratio itself is a risk signal—indicating overly centralized power and low protection for retail investors. No matter how aggressive the promotion on Twitter, it can't replace real on-chain data.

In this market, I only pay long-term attention to projects with actual use cases and clear governance structures. For tokens that rise quickly without fundamental support, my strategy is simple: exit quickly if there's an opportunity, and don't expect to catch subsequent gains. Risk always comes first.