OBFUSCATE THE FLOAT, PUMP THE TOKEN. UNCOVERING PLATO'S CAVE OF FALSE FLOAT/HIGH FDV TOKENS

Summary from the TLDR Crypto newsletter

Several VC-backed crypto projects are deliberately obscuring the true circulating supply by maintaining a high reported float while keeping the real float artificially low. Examples such as Mantra and Movement illustrate tactics like centralized token control, manipulated airdrop claims, and strategic backroom deals to facilitate price manipulation. Crypto is in dire need of transparent reporting and stricter regulatory oversight.