The $EARL project exhibits multiple risk signals that require attention. According to developer-related information, the project does not have a genuine sniper mechanism for protection, and developer behavior appears suspicious—not only frequently changing the main X account (renamed 3 times), but also showing clear signs of market dumping. The distribution of holdings is also problematic: a single address holds 8.3% of the circulating supply, and this wallet started accumulating just 1 hour after its creation, which is hard to dismiss without suspicion. The well-known holder Dior ranks among the top, but more concerning is that 3.4% of the tokens are locked for as long as 17,150 days, making this extreme time span suspicious in terms of transparency. Overall, the structural design of this project and the behavior of its participants warrant careful consideration by investors.