The $STBL token (contract 0x8dedf84656fa932157e27c060d8613824e7979e3 on BNB Chain) is extremely dangerous once you look under the hood. •It’s an upgradeable proxy contract, which means the team controls an admin wallet that can change the rules anytime. They can increase supply, rewrite transfer rules, add hidden fees, or even block wallets. Nothing is permanent — you are trusting insiders, not code. •Out of a 10 billion max supply, only about 500 million tokens (≈5%) are circulating. That means more than 95% of supply sits in insider-controlled wallets. They decide when and how to release it, which means they can flood the market whenever they want. •Onchain data shows there are only a handful of wallets holding almost everything. Governance is a façade — retail holders have no real say, because voting power is dominated by insiders and exchanges. •Liquidity is thin. If insiders dump even a fraction of their holdings, the price can collapse instantly and retail won’t be able to exit without massive losses. 👉 What this means in plain English: STBL is not decentralized. It is controlled right now by the team’s admin wallet/multisig, a few insider/treasury wallets, and custodial exchange wallets. They have absolute power to change the token, increase supply, and decide the market’s fate. The “governance token” story is a distraction. The only real governance is in the hands of the insiders with the keys. Holders have no protection and no control. This setup can end very badly: insiders mint billions more tokens, dump them on the market, and crash the price. Or they change the contract to favor themselves and lock everyone else out. Either way, regular holders are left holding worthless bags. STBL is not community governance. It’s insider control dressed up as decentralization. This is not financial advice!