Whether it's VC coins or Meme coins, sometimes full circulation is a sinister concept deliberately created by the project team. As soon as people see full circulation, they label it as having sufficient game theory, hard bottom costs, and scattered chips. However, the essential difference between full circulation and low circulation lies only in whether it is a moral lock or a contract lock, and the risk of moral lock is even much greater than that of contract lock, because you are not sure when these hidden concentrated chips will suddenly "circulate".